Howes Precision Hydraulics Limited

Howes Precision Hydraulics Limited, based in Fareham, UK, is a small, active company holding a solid 5.0-star Google rating from 19 reviews. Founded 30 years ago in 1995, it’s a holding company with three directors and one owner, employing 21 people and holding £472,222 in assets. The company regularly imports machinery, boilers, and mechanical appliances, with its last import activity recorded seven months ago in May 2023. It operates from a real address at Unit 2 Davis Way, Newgate Lane Industrial Estate, PO14 1JF, Fareham, Hampshire.

The company’s website doesn’t offer much detail beyond its name and location, suggesting a business focused on direct sales or contract work rather than a large online presence. It seems to operate within the machining industries.

Financially, Howes Precision Hydraulics Limited shows a mixed picture. Current assets have fallen by 25% to £470,000, while net assets decreased by 7.4% to £240,000. Bank borrowings have been reduced by 52%, dropping to £8,700, and cash reserves have increased by 16% to £34,000. Creditors have also decreased by 19%, indicating improved debt management. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), which helps maintain agility. The decrease in equity, however, is noticeable and could be a cause for concern. The company is exempt from an audit as a small company, so the figures are unaudited.

Overall, Howes Precision Hydraulics Limited appears to be a stable, albeit smaller, operation. The decrease in assets and equity, however, warrants a closer look to determine if it’s a temporary fluctuation or a more significant trend.

Registered in England/Wales under the registration number 03025390, with a registered address at PO14 1JF, Fareham, Hampshire, Unit 2 Davis Way, Newgate Lane Industrial Estate.

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