Halomec Ltd

Halomec Ltd from Stonehouse UK: a small, active company founded 19 years ago, employs 10 people, and holds £546,705 in assets. With two directors and one owner, it's a relatively compact operation. Regular importer of machinery, boilers, and mechanical appliances, with 21 months of import activity recorded, the latest in December 2024.

The company's website, Halomec.com, focuses on helping businesses improve the productivity of their mobile plant and equipment. It distributes solutions from SKF Lincoln (automatic lubrication), Hiboo (fleet telematics), and Loadrite (weighing and productivity measurement). It’s clear they’re targeting heavy industry and mobile equipment users, with a team of regional engineers providing implementation and support. The site also highlights partnerships, such as a long-term distribution agreement with Hiboo, designed to accelerate Hiboo's growth in the UK market.

Financially, Halomec Ltd shows a mixed picture. Current assets have fallen by a significant 44% to £550,000, while net assets have also declined, dropping 9.1% to £380,000. Bank borrowings have decreased, which is good, but cash reserves have plummeted 66% to £140,000. Creditors have also decreased by 40%, suggesting improved debt management. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the drop in cash reserves is a concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Halomec Ltd appears to be navigating a challenging environment. While its distribution partnerships and focus on specialized equipment solutions are strengths, the declining cash reserves warrant close attention.

Registered in England/Wales under the registration number 05652189, with a registered address at GL10 3SX, England, Stonehouse, Unit 14 Springfield Business Centre Brunel Way, Stroudwater Business Park.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.