H.r. Smith (technical Developments) Limited

Hr Smith (technical Developments) Limited, based in Leominster, UK, is a well-established holding company with a 58-year history. Employing 86 people and boasting £4,445,945 in assets, the company is a significant player in the aerospace engineering sector. It has four directors and one owner, and currently holds a respectable 4.0-star rating on Google based on 16 reviews. The company regularly imports aircraft, spacecraft, and their parts (for 18 months) and exports electrical machinery and equipment (for a substantial 194 months).

The company’s website reveals a diverse range of activities, extending beyond its technical developments arm. It encompasses a business focused on high-end piano restoration, operating from Cambridge with a presence even in Harrods, London. This division specializes in museum-grade restorations and disaster recovery for damaged pianos, demonstrating a commitment to heritage and craftsmanship. The website also highlights a focus on serving military, civil aviation, and search-and-rescue industries.

Financially, Hr Smith (technical Developments) Limited shows a mixed picture. While average employee numbers increased by 19%, net assets declined by 55% to £3.5 million. Creditors decreased by 41%, which is good, but bank borrowings increased by 2,400% to £29,000. Cash reserves also fell by 30% to £430,000. The company’s size (meeting two of three criteria for a large company) suggests it’s a substantial operation, but the decline in equity warrants attention. The company's accounts are audited by Azets Audit Services. The sharp decrease in equity could be due to a number of factors, such as increased investment in research and development, or perhaps a change in accounting practices. It's likely that the company is reinvesting profits to fuel future growth, but the trend is something to monitor closely.

Registered in England/Wales under the registration number 00878510, with a registered address at HR6 9QA, Leominster, Herefordshire, Street Court, Kingsland.

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