Hydraulic Projects Limited

Hydraulic Projects Ltd from Torquay, UK, is a small, family-run business with an active status, celebrating 61 years in operation. Founded in 1963, the company employs 35 people and operates from a virtual address, a detail that raises some questions. Six directors and three owners – Willcocks Benjamin Alec, Willcocks James Colin, and Willcocks Kate Victoria – guide the business, which specializes in importing and exporting machinery, boilers, and mechanical appliances, including parts. They’re regular importers, with 23 months of import activity recorded, and even more prolific exporters, boasting 178 months of export activity.

The company’s website, Hydraulic Projects Int Ltd, showcases its expertise as industrial and marine hydraulic engineers and consultants. They offer a range of services, from flushing and filtration to hydraulic engineering and cylinder overhaul, catering to clients across the UK and Europe. Their work spans from consultancy and retrofitting to bespoke build and commissioning, demonstrating a broad skillset. They even have a presence in the high-end piano restoration market, a surprising diversification from their core hydraulic business.

Financially, Hydraulic Projects Ltd presents a mixed picture. Cash reserves have significantly increased, jumping 100% to £390,000, which is a positive sign. However, net assets have decreased slightly, falling 1% to £2,500,000. Trade debtors have plummeted by 44%, suggesting improved collection of payments, but creditors have also decreased by 50%, which could indicate tighter financial management or reduced supplier credit. The company’s assets have also decreased by 2.2% to £2,000,000. The decrease in average employees, dropping 17% to 29, could be a result of restructuring or a shift towards automation. As a small company meeting two of three criteria for size (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it benefits from flexibility, but the overall trend suggests a need for careful monitoring of expenses. No auditor is mentioned, which is common for companies of this size and exempt from audit.

Registered in England/Wales under the registration number 00786291, with a registered address at TQ2 7FF, Torquay, Devon, Sigma House Oak View Close, Edginswell Park.

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