Hyland Electrics Limited

Hyland Electrics Limited is a small, active company based in Forfar, UK, established 14 years ago. With two employees and £14,684 in assets, it's a family-run business with two directors and owners. The company operates in the electrical installation industries and is an irregular importer of plastics and plastic products, with the last import activity recorded two months ago.

The company’s website highlights its expertise in domestic and commercial electrical services, alongside specialized offerings like offshore hotwork habitats, fire seals, and composite repair. It caters to a wide range of sectors, emphasizing reliability and safety. The site also showcases its piano restoration business, 1066 Pianos, which operates from Cambridge and has a showroom in Harrods.

Financially, Hyland Electrics Limited presents a mixed picture. Current assets increased by 20% to £15,000, while net assets surged by 450% to £8,400—a significant improvement. However, bank borrowings decreased by 100% to zero, and cash reserves rose to £5,400. Creditors increased by 250%, and other taxation and social security payable jumped by a staggering 320,000%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the changes in creditor and tax obligations warrant further scrutiny. The company is exempt from an audit, and the financial statements are unaudited.

It seems Hyland Electrics Limited is navigating a period of growth and change, with its financial health showing signs of improvement. The diverse range of services, from electrical work to piano restoration, suggests a company seeking to diversify its revenue streams—though the financial details need to be watched closely.

Registered in Scotland under the registration number SC389987, with a registered address at DD8 1JH, Forfar, Angus, 3 Northampton Place.

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