H.c. Water Engineering Limited

Hc Water Engineering Limited, based in Rochdale, UK, is a small, active company established 31 years ago. With two employees and £330,538 in assets, it operates from a real address and is overseen by two directors and owners. The company regularly imports optical and medical tools and devices, with the last import recorded four months ago in January 01, 2020. It's involved in the manufacture of other fabricated metal products.

The company’s website is currently unavailable, so it’s difficult to ascertain if it operates an e-commerce platform or primarily serves business-to-business clients. Without a website, it’s likely that sales are conducted offline or through other channels.

Financially, Hc Water Engineering Limited shows a mixed picture. Cash bank on hand has increased significantly by 65%, reaching £280,000, which is a positive sign of improved liquidity. However, corporation tax payable has also risen substantially by 130%, reaching £46,000. Trade debtors have seen a dramatic increase, jumping 390% to £47,000, which could indicate difficulties in collecting payments or a strategy to offer more credit to customers. Creditors have also increased by 64%, reaching £100,000, suggesting a need to manage short-term liabilities. Net current assets and liabilities have improved by 91%, reaching £230,000, which is a good sign. Despite these changes, the company remains a small entity, meeting two of three conditions for classification: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company's financial statements are unaudited, and the accounts status is audit exempt with an accountants report. The company is compliant with applicable reporting frameworks, and the directors acknowledge their responsibilities under the Companies Act. While the increase in debtors is concerning, the growth in cash reserves and improved net assets suggest that Hc Water Engineering Limited is holding its own, though it may need to focus on managing its short-term debts to ensure long-term financial stability.

Registered in England/Wales under the registration number 02929092, with a registered address at OL12 7HN, United Kingdom, Rochdale, Lancashire, 33 Harridge Avenue.

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