Hystat Systems Limited

Hystat Systems Ltd, based in Slaithwaite, UK, is a sizable company with a long history, having been founded 49 years ago. Employing 84 people, it holds assets worth £7,020,984 and generates an impressive £12,521,390 in yearly revenue. The company operates as a holding company and is currently active. It’s managed by five directors and has one owner, boasting a respectable Google rating of 4.0 based on six reviews. It regularly imports iron or steel products (41 months) and exports machinery, boilers, and mechanical appliances (157 months).

The company specializes in the manufacture of pumps, a niche industry. Its website, while not providing detailed e-commerce functionality, showcases a commitment to hydraulic cylinder design, manufacture, and repair. It serves the heavy engineering sector, offering services from standard cylinders to museum-grade piano restoration—a surprising diversification.

Financially, Hystat Systems Ltd presents a mixed picture. While turnover remains robust, several key metrics indicate potential challenges. Accumulated amortisation impairment of intangible assets has remained constant, while depreciation of property, plant, and equipment has increased significantly, suggesting increased investment or aging infrastructure. Bank borrowings have decreased, which is positive, but cash reserves have also fallen, indicating tighter liquidity. Creditors have also increased, which could be a sign of stretched payment terms. Despite these challenges, the company’s net assets have increased slightly, and the company has a good profit loss.

The company’s workforce has decreased slightly, reflecting a potential shift in operational strategy. The lack of an auditor mentioned suggests the company is exempt from mandatory auditing, relying on internally generated financial data. Overall, Hystat Systems Ltd appears to be navigating a period of change, balancing its established pump manufacturing business with its diversified piano restoration venture.

Registered in England/Wales under the registration number 01244978, with a registered address at HD7 5BB, Slaithwaite, Huddersfield, Spa Fields Industrial Estate, New Street.

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