Horizontal Boring Services Limited

Horizontal Boring Services Ltd, based in Wigan, UK, is a small, active company established 22 years ago. With 20 employees and £615,041 in assets, it's a modest operation led by one director and owner. The company operates from a real address and has a history of importing various base metals and cermets over the last three months, and a brief period of exporting electrical machinery and equipment one month ago. It’s involved in the manufacture of other special-purpose machinery n.e.c. industries.

The company's website is non-existent, so there's no direct insight into its online presence or e-commerce activities. This suggests a primarily business-to-business model, focusing on direct sales or contracts rather than online retail.

Financially, Horizontal Boring Services Ltd presents a mixed picture. While cash bank on hand has increased significantly by 140% to £76,000, current assets have decreased by 5.8% to £620,000. Trade debtors have fallen by 15% to £510,000, which could indicate improved collection practices. Creditors have also decreased by 15% to £390,000. The company's net assets have increased by 12% to £480,000, and retained earnings have grown. However, depreciation charges on plant machinery have increased, which could be a sign of aging equipment or increased usage. The company meets the criteria for a small company, with turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. There's no auditor mentioned, which is typical for small, exempt companies.

Overall, Horizontal Boring Services Ltd appears to be financially stable, with positive cash flow and growing equity. However, the increase in depreciation charges warrants monitoring. The company’s focus on specialized machinery manufacturing and its limited online presence suggest a business model reliant on established relationships and direct sales, rather than rapid growth through e-commerce.

Registered in England/Wales under the registration number 04563805, with a registered address at WN5 8EG, England, Wigan, Lancashire, Unit 1 Leopold Street, Pemberton.

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