Hyde Group Limited

Hyde Group Limited, based in Stalybridge, UK, is a sizable holding company with an active status, marking its 43rd year in operation. Employing just twelve people, the company operates from a virtual address, a detail highlighted by twenty other businesses registered at the same location. Eight directors and two owners guide the company, which boasts a respectable Google rating of 4.0 based on three reviews. Hyde Group is an irregular exporter, primarily dealing in optical and medical tools and devices, with its last export activity occurring two months ago in December 2018.

The company’s website showcases a diverse range of engineering services, from design and analysis to tooling and test rig manufacturing, catering to sectors like aerospace, defence, and nuclear. Hyde Group positions itself as a provider of "urgent support solutions" and emphasizes its capabilities in both design and manufacturing. The website details a wide array of services, including component manufacture, testing, and specialized equipment build, with a focus on safety-critical applications. It also highlights a 24/7 urgent operations team for aviation and defence clients.

Financially, Hyde Group Limited presents a mixed picture. While bank overdrafts increased significantly to £41,000, cash bank on hand disappeared entirely. Creditors saw a dramatic rise, increasing by 79% to £7.8 million, while trade debtors jumped 21% to £22 million. Net assets, however, decreased by 4.7% to £15 million. The company’s income expense recognised directly in equity was unchanged, and the company’s tax expense credit decreased by 8.9%. The company's revenue from sales decreased by 31%, and the company’s net loss decreased by 27%. The company’s audit fees expenses decreased by 31%. It’s worth noting that the company is exempt from presenting a cash flow statement. The company’s auditor is Hurst Accountants Limited.

These figures suggest that while Hyde Group Limited maintains a strong debtor base and continues to generate revenue, it is facing increased financial pressures. The reliance on external financing, as indicated by the increased overdraft, and the decline in cash reserves are points of concern. The company’s size—meeting two of three criteria for a large company—means it's not subject to the same level of scrutiny as larger entities, but the trends warrant close monitoring.

Registered in England/Wales under the registration number 01592661, with a registered address at SK15 1QZ, Stalybridge, Cheshire, 185 Stamford House, Stamford Street.

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