Hernon Municipal Engineering Ltd

Hernon Municipal Engineering Ltd is a small, active company based in Selby, UK, founded seven years ago in 2017. With £715,921 in assets and a real registered address, it employs fourteen people and is led by a single director and owner, who is also the solo founder. The company operates in the specialised construction activities industry, with a focus on tunneling, civil engineering, and infrastructure projects. It’s an irregular importer of machinery and parts, with its last import activity recorded one month ago, and an irregular exporter of vehicles and accessories (excluding trains and trams), with its last export activity recorded nearly a year ago.

The company's website highlights its diverse solutions, including tunneling, shaft construction, directional drilling, and civil engineering services. It also offers plant hire, providing high-quality machinery and equipment. The site’s professional design and clear presentation of services suggest a focus on building trust and delivering innovative solutions. It's clear they are not an e-commerce business, but rather a service provider showcasing its expertise and capabilities.

Financially, Hernon Municipal Engineering Ltd demonstrates some encouraging trends, but also areas for attention. Cash reserves have significantly increased, rising by 250% to £210,000, a positive sign of improved liquidity. Current assets have also seen a substantial boost, increasing by 81% to £720,000. However, creditors have also risen, climbing by 8.9% to £800,000, and net losses deepened, suggesting the company is burning through cash. Debtors have increased by 63%, which could be a sign of slower payments from customers, or a deliberate strategy to extend credit terms. 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 flexibility, but the increased debt and losses warrant close monitoring. With no auditor mentioned, the unaudited figures rely on director-reported data.

Overall, Hernon Municipal Engineering Ltd appears to be a growing company facing the typical challenges of a small business. The increase in cash reserves is a positive indicator, but the rising debt and losses suggest a need for careful financial management to ensure long-term sustainability.

Registered in England/Wales under the registration number 10875007, with a registered address at LS27 0JG, England, Leeds, West Yorkshire, 1st Floor, Unit 5 The Antler Complex, Bruntcliffe Way.

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