Hydraulics Online Ltd

Hydraulics Online Ltd from Cheshire UK: a small, active company founded 20 years ago, employs seven people, and holds £658,937 in assets. Operating from a virtual address, the business is a family affair, managed by three directors and two owners. It’s a regular importer of machinery, boilers, and mechanical appliances – parts, with 14 months of import activity recorded, and a prolific exporter, boasting 450 months of export activity.

The company’s core business revolves around acting as agents involved in the sale of machinery, industrial equipment, ships, and aircraft. While it doesn’t appear to have a dedicated e-commerce website, its activities suggest a B2B focus, connecting suppliers and buyers in the industrial sector.

Financially, Hydraulics Online Ltd presents a mixed picture. Cash bank holdings have decreased by 9.1% to £420,000, while creditors have increased by 11% to £330,000. Trade debtors have seen a significant jump, rising by 99% to £230,000 – this could indicate increased sales but also potential issues with collecting payments. On the positive side, retained earnings have grown by 13% to £350,000, and net assets have also increased by 13% to £350,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in debtors warrants attention. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s consistent import and export activity, coupled with a growing equity base, suggests a stable, if not rapidly expanding, business. However, the increase in trade debtors should be monitored closely to ensure healthy cash flow.

Registered in England/Wales under the registration number 05313945, with a registered address at CW5 7ED, Cheshire, 31 Wellington Road, Nantwich.

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