Hinchliffe Hydraulics Limited

Hinchliffe Hydraulics Ltd, based in North Lincolnshire, UK, is a small, active company founded 25 years ago. Employing eight people and holding £816,669 in assets, it's a well-established family business with five directors and one owner. Boasting a perfect 5.0 Google rating from 22 reviews, it’s a reputable player in its field. The company is an irregular importer, with its top import category being machinery, boilers, and mechanical appliances; parts, totaling one month of imports, the last operation conducted on January 01, 2022.

Hinchliffe Hydraulics operates as a manufacturer and supplier of hydraulic components, offering a wide range of products and services. Its website showcases a diverse inventory, from pneumatic couplings to hose reels and pressure gauges, catering to various industries. The company also provides repair and bespoke design services, highlighting its expertise in hydraulic and pneumatic solutions. It even offers a quick buy CSV upload order feature for customers.

Financially, Hinchliffe Hydraulics demonstrates a mixed picture. Current assets increased by a respectable 21%, reaching £820,000, while net assets rose 26% to £750,000. Bank borrowings remained stable, and cash reserves grew by 27%, landing at £260,000. Trade debtors increased by 35%, suggesting a possible expansion in credit terms. However, accrued liabilities saw a slight increase of 2%, and other creditors decreased by 18%. 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 fluctuations in liabilities warrant monitoring. With no auditor mentioned (likely exempt as a small company), the figures are based on unaudited statements.

The company’s directors list was changed one month ago, which is a good sign. It seems like the company is doing well, but it's important to keep an eye on its liabilities.

Registered in England/Wales under the registration number 03968174, with a registered address at DN16 1AZ, North Lincolnshire, East Common Lane, Scunthorpe.

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