Honeyman Group Limited

Honeyman Group Limited, based in Barnard Castle, UK, is a small holding company with an active status, having been founded 28 years ago in 1997. Employing 49 people, the company holds £3,337,054 in assets and operates from a real address within the Harmire Enterprise Park. It’s managed by one director and two owners, though the list of owners changed three years ago. A Google rating of 1.0 from 48 reviews suggests room for improvement. The company regularly imports machinery, boilers, and mechanical appliances, with seven months of import activity recorded, the last in November 2023.

The company’s website reveals a multi-faceted operation. Honeyman Water specializes in pharmaceutical process support engineering, health, medical, and pharmaceutical-grade water systems, while Honeyman Laboratories offers analytical laboratory services and training. Honeyman Training, meanwhile, focuses on pharmaceutical manufacturing education. These services are delivered through separate websites – honeymanwater.com, honeymanlaboratories.com, and honeymantraining.com – and cater to the biotech and healthcare industries. The company’s activities include providing specialist process support services, laboratory services, and training, with a focus on water and steam systems.

Financially, Honeyman Group Limited presents a mixed picture. Accumulated depreciation has increased by 13%, and the number of employees has dropped significantly by 49%, to just 25. Cash reserves have decreased by 33%, falling to £850,000, and current assets have declined by 11% to £3.2 million. Creditors have been reduced by 20%, and bank borrowings have increased. Equity has also decreased by 13%, to £3.1 million. 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 decline in cash and equity raises concerns. No auditor is mentioned, likely due to exemption as a small company.

Overall, Honeyman Group Limited appears to be navigating a period of change. While the various divisions demonstrate expertise and service offerings, the financial data suggests a need for careful management to ensure long-term sustainability. The company’s future will likely depend on its ability to maintain its niche expertise and adapt to evolving market conditions.

Registered in England/Wales under the registration number 03308581, with a registered address at DL12 8BN, Barnard Castle, County Durham, Harmire Enterprise Park, Harmire Road.

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