Northern Hydraulics Ltd

Northern Hydraulics Ltd, based in Co. Tyrone, UK, is a substantial player in the hydraulic cylinder manufacturing sector. Established 24 years ago, the company employs 78 people and boasts assets of £10.8 million, generating an annual revenue of £15.4 million. It operates as a holding company with a real address and is overseen by three directors and one owner. Google reviews are stellar, with a 5.0 rating based on a single review. The company regularly imports vehicles, parts, and accessories (not for trains or trams) and exports machinery, boilers, and mechanical appliances.

The company’s website highlights its focus on bespoke hydraulic cylinder solutions, precision engineering, and a commitment to quality. It emphasizes decades of experience, strong customer relationships, and accreditation to ISO 9001. The site details applications across diverse industries, including excavator attachments, waste recycling, and agriculture. It also showcases recent achievements, such as being named a Deloitte Best Managed Company.

Financially, Northern Hydraulics Ltd presents a mixed picture. While turnover remained steady at £15 million, net assets increased by 10% to £11.2 million, indicating growth. However, bank borrowings rose by 10% to £100,000, and cash reserves dipped by 7% to £1.3 million. Creditors also increased by 87%, reaching £5 million – a significant jump. Despite this, the company’s average number of employees increased by 3% to 80. The company’s size qualifies it as a large company, having met two of three criteria: turnover exceeding £36 million and balance sheet total exceeding £18 million. The lack of an auditor is likely due to its size. The company’s continued growth in exports, combined with its strong reputation, suggests a resilient business, but the rise in creditors warrants closer monitoring.

Registered in Northern Ireland under the registration number NI039984, with a registered address at BT71 4QG, Co. Tyrone, 63 Gortgonis Road, Coalisland.

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