Hanson Springs Limited

Hanson Springs Ltd from Rochdale UK: large company, active status, founded 57 years ago, 226 employees, £21,775,982 assets, yearly revenue: £30,486,815, real address, 5 directors, 2 owners, family business. Regular importer of iron and steel (59 months imported). Regular exporter of iron or steel products (444 months exported). Hanson Springs is a well-established spring manufacturer with a rich history spanning over half a century. Based in Rochdale, Lancashire, the company operates from three sites: a cold coil spring production facility, a hot coil spring manufacturing facility, and a US warehousing facility. They specialize in precision springs, catering to industries like flow control, oil & gas, nuclear, rail, and power generation. The company’s website highlights its commitment to quality, innovation, and customer service, emphasizing its position as a world-leading spring manufacturer.

Hanson Springs isn’t just a manufacturer; it’s a family-owned business, with Malcolm Hanson serving as Chairman. They offer a range of services, including valve spring production, warehousing, and even US-based spring making. The company’s website details its production methods, from CNC hot coil and cold coil to hand-wound springs, showcasing a diverse skillset. They manufacture springs from a variety of materials, including Chrome Alloy, Stainless Steel, and Titanium, and employ over 200 people.

Looking at the financials, Hanson Springs appears to be navigating some challenges. While turnover increased by 11% to £30 million, net assets decreased by 21% to £10 million. Cash reserves took a significant hit, falling 21% to £8 million. Bank borrowings, however, decreased by 14%, suggesting a move to reduce debt. Creditors also decreased, indicating better management of short-term liabilities. The company’s large size (meeting two of three criteria for a large company) and turnover above £36 million suggests a stable business, but the decline in equity warrants closer attention. The company’s auditor, PM+M Solutions for Business LLP, has not mentioned any issues, but the unaudited nature of the financial statements means these figures should be viewed with some caution.

Despite these pressures, Hanson Springs continues to invest in its operations, with additions to plant and machinery remaining steady. The company’s long history and family ownership provide a strong foundation, but adapting to changing market conditions and maintaining profitability will be key to its future success.

Registered in England/Wales under the registration number 00911606, with a registered address at OL11 2PX, Rochdale, Lancashire, Hanson Place, Gorrells Way.

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