Hsl Cylinders Limited

Hsl Cylinders Ltd from Huddersfield UK is a small holding company with an active status, founded four years ago in 2020. Employing 36 people and holding £696,173 in assets, the company operates from a real address and is overseen by five directors and one owner. It’s an irregular importer of iron and steel, with just one month of import activity recorded in 2023, and an irregular exporter of machinery, boilers, and mechanical appliances, with one month of export activity in 2021.

The company's website is currently unavailable, making it difficult to ascertain the specifics of its operations beyond the import/export data. It appears to operate within the "other engineering activities" industries, likely specializing in hydraulic cylinder repair and related services.

Financially, Hsl Cylinders Ltd shows a mixed picture. While cash reserves saw a significant boost, increasing by 570% to £150,000, net assets declined by a substantial 65%, settling at -£800,000. Creditors have risen dramatically, increasing by 89% to £210,000, while trade debtors remain steady. Bank borrowings have also increased, though not as dramatically as creditors. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. A notable decline in average employees, dropping 14% to 31, could indicate restructuring or seasonal fluctuations. The unaudited financial statements, prepared by Balance Accountants, reveal a concerning trend of increasing liabilities and decreasing equity. It’s possible the company is investing heavily in growth, but the sharp decline in equity warrants close monitoring.

Registered in England/Wales under the registration number 12885241, with a registered address at HD7 5BB, England, Huddersfield, Spa Mill New Street, Slaithwaite.

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