Industrial And Marine Hydraulics Limited

Industrial And Marine Hydraulics Ltd from Cleveland UK: small company, active status, founded 41 years ago, 18 employees, £954,642 assets, real address, 3 directors, 2 owners, family business. Regular importer of machinery, boilers, and mechanical appliances; parts (3 months imported). Irregular exporter of machinery, boilers, and mechanical appliances; parts (1 months exported).

Industrial and Marine Hydraulics (IMH) is a long-established, family-owned business based in Middlesbrough, UK. Founded forty-one years ago, the company employs eighteen people and holds assets worth £954,642. With a real registered address and three directors, it operates as a small, active entity within the hydraulics industry. The company regularly imports machinery, boilers, and mechanical appliances, with parts imported for three months, while exporting these items irregularly, with only one month of export activity recorded.

IMH’s website showcases a broad range of services, from hydraulic engineering design and manufacture to repair and maintenance. They act as a partner to clients, offering a single source for project management, design, manufacturing, servicing, and component supply. The company’s website highlights its expertise in project delivery, particularly in the installation of wind farm vessels, and emphasizes its commitment to providing solutions for complex problems. They even offer engineering training courses.

Financially, IMH shows some concerning trends. Current assets have decreased by 27% to £950,000, while net assets have fallen 9.7% to £1,000,000. Bank borrowings have significantly reduced, with a 91% drop in overdrafts, and cash reserves have fallen by 40% to £410,000. Creditors have also decreased by 37%, which could indicate improved debt management. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than fifty employees. There is no auditor mentioned, likely due to its small size.

Overall, Industrial and Marine Hydraulics Ltd appears to be a well-established business facing some financial pressures. While its diverse range of services and commitment to quality suggest a strong foundation, the decline in cash reserves and assets warrants close attention. The company’s long history and family ownership provide stability, but adapting to changing market conditions will be crucial for its continued success.

Registered in England/Wales under the registration number 01731698, with a registered address at TS6 6HA, England, Middlesbrough, I M H Skippers Lane, Skippers Lane Industrial Estate.

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