Hyco Manufacturing Limited

Hyco Manufacturing Ltd, based in Castleford, UK, is a small, family-run business with an active status, celebrating 35 years in operation. Employing 31 people, the company holds assets worth £9,421,429. It’s a real address, managed by three directors and two owners. Google reviews are stellar, boasting a 5.0 rating from 13 reviews, and it’s a regular importer of electrical machinery and equipment, having imported for 524 months.

The company’s website showcases a range of products, including boiling and chilled taps, hot water solutions, hand dryers, hair dryers, and space heating equipment. It seems to focus on commercial and industrial clients, offering both traditional and modern solutions. The site provides contact details and sales information, emphasizing a trained sales team ready to assist. It's clear they operate a B2B model, rather than direct to consumer.

Financially, Hyco Manufacturing Ltd shows some interesting trends. Property, plant, and equipment gross cost increased by 54% to £39,000, while depreciation charges also rose, indicating investment in assets. However, bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Hyco Manufacturing Ltd appears to be a stable, established business, but the increase in borrowing suggests they may be funding growth or facing some financial pressures. The family ownership and strong Google rating are positives, but keeping a close eye on their debt levels will be important going forward.

Registered in England/Wales under the registration number 02462613, with a registered address at WF10 5NR, Castleford, West Yorkshire, Normandy Court, Express Way.

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