Hose Solutions Limited

Hose Solutions Ltd from Exeter UK: a small, active company founded 16 years ago, employs 17 people, and holds £1,367,001 in assets. It’s a real address, run by two directors and two owners, and operates as a family business. The company regularly imports vehicles, parts, and accessories (excluding trains and trams) for nine months, and exports the same items for a more substantial 95 months.

The company's website, hosesolutions.com, presents itself as a leading supplier of flexible hoses for various industries, including mining, agriculture, and waterworks. It offers a range of specialized hoses, such as the Boreline FlexiRiser for submersible pump retrieval and the Mineflex for mining applications. The site emphasizes international approvals, potable water suitability, and disaster recovery solutions. It’s a pretty professional site, with a lot of information.

Financially, Hose Solutions Ltd shows some interesting trends. Accumulated amortisation impairment intangible assets increased by 7.9%, while accumulated depreciation impairment property plant equipment rose by 17.0%. Bank borrowings increased by 16.0% to £630,000, and cash reserves plummeted by 95% to a meager £680. Creditors, however, increased by a significant 41.0% to £1,100,000. The company’s size – meeting two of three criteria for being small – allows for flexibility, but the decline in cash and increase in debt is something to keep an eye on. The company's net assets increased by 110% to £300,000.

The company’s accounts are unaudited, which is common for smaller businesses. It’s clear that Hose Solutions Ltd is a well-established player in its niche, but the financial data suggests it’s facing some challenges—perhaps related to increased costs or slowing demand. The company’s website suggests a focus on high-value, specialized products, which could help it weather any economic headwinds.

Registered in England/Wales under the registration number 06692101, with a registered address at EX4 2HF, Exeter, Devon, Lower Trelake Business Park Tedburn Road, Whitestone.

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