Hamilton Gas Products Limited

Hamilton Gas Products Ltd, based in Bangor, UK, is a small, family-run business with an active status. Founded twenty years ago in 2005, it employs thirty-four people and holds £2,230,278 in assets. The company operates from a real address and is led by three directors and three owners. It runs an e-commerce site and enjoys a solid 4.0 Google rating from 221 reviews. Hamilton Gas Products is a regular importer of machinery, boilers, and mechanical appliances—parts, with nineteen months of import activity recorded, the last in November 2024. It exports these same items irregularly, with only one month of export activity recorded as of July 2018.

The company’s website, hamilton-gas.com, showcases a wide range of gas fittings, regulators, blow torches, and outdoor living products. It caters to a diverse customer base, including plumbers, gas engineers, and recreational users. The site emphasizes competitive pricing, fast delivery, and expert advice—hallmarks of a well-established online retailer. It’s clear the company is trying to be a one-stop shop for all things gas-related, with a large inventory and detailed product descriptions.

Financially, Hamilton Gas Products Ltd shows some concerning trends. Current assets have dropped by 18% to £2,200,000, while net assets have fallen 11% to £1,300,000. Cash reserves have plummeted 48% to £230,000, and bank borrowings have increased. Trade debtors have decreased by 26%, suggesting better debt collection. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decline in cash reserves raises questions. There's no auditor mentioned, likely due to the company’s small size and exemption from an audit. The unaudited figures rely on director-reported data.

Overall, Hamilton Gas Products Ltd appears to be facing some financial headwinds. While its e-commerce presence is strong and its product range is extensive, the decline in cash reserves and the increase in bank borrowings suggest that the company is burning through money. Whether it can weather these challenges remains to be seen.

Registered in Northern Ireland under the registration number NI053912, with a registered address at BT19 7WP, Northern Ireland, Bangor, 7 Balloo Crescent.

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