Hydex Solutions Limited

Hydex Solutions Ltd, based in Royston, UK, is a small, family-run business with an active status. Founded 16 years ago in 2008, the company employs just one person and holds £342,798 in assets. It operates from a virtual address, with two directors and two owners managing the business. Hydex Solutions is a regular importer of machinery, boilers, and mechanical appliances, with parts imported for the last five months.

The company’s website showcases a global leader in custom mining and construction support equipment. It’s clear that Hydex isn’t just a reseller; it designs, develops, and delivers equipment, with a focus on articulated chassis solutions. The site highlights a comprehensive range of products, including water tanks, hooklifts, and monitoring systems, and caters to forestry, mining, and construction sectors. It’s evident that Hydex is targeting a B2B market, offering technical information, case studies, and even custom design services.

Financially, Hydex Solutions Ltd presents a mixed picture. Cash reserves have increased significantly, jumping 110% to £180,000, which is a positive sign. However, creditors have surged by a massive 450%, reaching £210,000, suggesting increased short-term liabilities. While bank borrowings have remained stable, and assets have increased by 74% to £340,000, the substantial rise in creditors warrants attention. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, indicating exemption as a small company.

Overall, Hydex Solutions Ltd appears to be a growing business, but the increase in creditors suggests it may be relying on credit to fuel its expansion. Whether this is a sustainable strategy remains to be seen.

Registered in England/Wales under the registration number 06781124, with a registered address at SG8 9JN, Royston, Herts, Lake House, Market Hill.

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