Hy-ram Engineering Company Limited

Hy Ram Engineering Company Ltd, based in Nottinghamshire, UK, is a large, active company established 55 years ago. Employing 49 individuals and boasting assets of £6,547,702, it’s a well-established family business with a strong 5.0 Google rating from 42 reviews. The company is managed by nine directors and owned by two individuals, Hallam Peter John and Hallam Timothy John. It operates from a real address and regularly imports and exports basic metal tools and utensils—130 months of import activity and 336 months of export activity, with the latest transactions occurring in January 2025.

Hy Ram specializes in providing equipment and tooling for distribution pipelines worldwide, catering to both the gas and water industries. Its website showcases a comprehensive range of products, from butt fusion machines and electrofusion units to pipe cutters and drilling equipment. It also offers services like pipeline repair preparation and provides technical support. The company's website also features a separate division, 1066 Pianos, which specializes in high-end piano restoration and disaster recovery—a surprising diversification from its core engineering focus.

Financially, Hy Ram presents a mixed picture. While net assets increased by a respectable 26% to £6.3 million, cash reserves also rose 15% to £1.7 million. However, bank borrowings plummeted by an incredible 98% to just £1,700, and deferred tax expense credit decreased by 79% to just £99. Staff costs remained constant at £1.7 million, and administrative expenses increased by 12% to £2.6 million. Creditors decreased by 26%, suggesting improved debt management, and trade debtors decreased by 14%. The company meets two of three criteria to be considered large, with turnover exceeding £36 million and balance sheet total over £18 million. The accounts are audited by UHY Hacker Young, providing a level of assurance.

The company’s ability to maintain a strong Google rating and diversify into piano restoration suggests resilience and adaptability. However, the significant decrease in bank borrowings and the decrease in deferred tax expense credit could indicate a shift in financing strategies or a change in tax circumstances—something that would be worth investigating further.

Registered in England/Wales under the registration number 00972440, with a registered address at NG18 2EY, Nottinghamshire, Pelham Street, Mansfield.

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