Hydrapress Services Limited

Hydrapress Services Ltd, based in Milton Keynes, UK, is a small, active company founded 14 years ago. With a single employee and £120,655 in assets, it operates from a real address and is led by a solo founder who also serves as director and owner. The company is a regular exporter of machinery, boilers, and mechanical appliances, with parts, having exported for nine months, with the last operation in May 2024. However, it’s an irregular importer of the same items, having imported for just two months, the last time in December 2022.

The company operates as agents involved in the sale of machinery, industrial equipment, ships, and aircraft. While no website is available to analyze, this suggests a business-to-business model focused on facilitating transactions rather than direct retail.

Financially, Hydrapress Services Ltd shows a mixed picture. While cash bank on hand increased by 34%, current assets declined by 5.1% to £120,000. Bank borrowings increased significantly by 2,400% to £29,000. Creditors also increased by 12%, and trade debtors jumped by a substantial 82%. It’s a small company, meeting two of the three conditions for being classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The decrease in equity, however, is a concern, dropping 250% to just £930. No auditor is mentioned, likely due to its small size.

The increase in bank borrowings and the decrease in cash reserves, coupled with the rising trade debtors, suggest the company may be burning through cash to maintain operations. It’s possible that increased sales are driving the need for borrowing, but the declining equity is a worrying trend. The company’s status as a solo founder operation may also present challenges in terms of workload and potential succession planning.

Registered in England/Wales under the registration number 07350316, with a registered address at MK17 0PD, Milton Keynes, Bucks, Units 2b, The Hollows Business Centre Winslow Road, Little Horwood.

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