Hytorc (aberdeen) Limited

Hytorc Aberdeen Ltd, based in London, UK, is a small, active company founded 25 years ago. With five employees and £799,210 in assets, it operates from a virtual address—a fact highlighted by the presence of ninety other companies registered at the same location. The business is family-run, with two directors and two owners, and serves as an irregular importer of machinery, boilers, and mechanical appliances, with the last import activity occurring two months ago in June 2021.

The company's primary function is acting as agents involved in the sale of machinery, industrial equipment, ships, and aircraft. Its website, HYTORC, showcases a comprehensive range of industrial bolting systems, torque tools, and related services, including calibration, repair, and equipment rental. The site also features a HYCARE training program and a HYTORC Connect App, recognized with a Spotlight on New Technology Award. HYTORC’s offerings extend to custom engineering, software solutions, and even a tool trade-in program. It’s clear that the company is focused on providing a full-service solution for industrial bolting needs, and even has a global presence with offices in multiple countries.

Financially, Hytorc Aberdeen Ltd presents a mixed picture. While net assets grew by a substantial 56% to £780,000, current assets dipped by 71% to £800,000. Bank borrowings increased significantly, and cash reserves fell 40% to £220,000. Debtor levels soared, suggesting potential issues with customer payments, and creditors also rose. The company’s small size—meeting two of three conditions to be considered small—helps it remain flexible, but the drop in equity warrants closer attention. As a small company, it is exempt from an audit, so the figures are unaudited. The company’s growth in liabilities, despite increased assets, suggests it may be burning through cash to expand its operations, or perhaps facing challenges in collecting payments from customers.

Registered in England/Wales under the registration number 03815768, with a registered address at N1 7GU, London, England, 20 Wenlock Road.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.