Ipswich Hydraulics Limited

Ipswich Hydraulics Ltd from Ipswich UK: a small, active company established 47 years ago, employs 15 people, and holds £808,417 in assets. It’s a real family business with three directors and two owners, operating from a registered address. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts—13 months of imports and 137 months of exports recorded.

The company's website doesn't provide much detail, suggesting a focus on direct sales rather than an extensive online presence. It appears they primarily serve industrial clients with their hydraulic equipment needs, but there’s no e-commerce functionality visible.

Financially, Ipswich Hydraulics Ltd shows a mixed picture. Current assets have increased by 12%, reaching £810,000, which is a positive sign. However, net assets have jumped a significant 92%, settling at £530,000. Bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves have fallen 30% to £42,000. Creditors have decreased by 29%, which is good. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely means the accounts are unaudited.

The sharp increase in bank borrowings could indicate investment in the business, or perhaps a period of cash flow challenges. The rise in net assets, however, suggests the company is growing. Overall, Ipswich Hydraulics Ltd seems to be a stable, long-standing business, but it’s worth keeping an eye on its debt levels.

Registered in England/Wales under the registration number 01360066, with a registered address at IP1 5BN, Ipswich, Suffolk, Unit 2 Boss Hall Industrial Esta, Sproughton Road.

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