Prime Horizontal Limited

Prime Horizontal Ltd, based in Hartlepool, UK, is a small, active company established 27 years ago in 1997. It employs eleven people and holds assets totaling £1,462,576. With six directors and one owner, the company operates from a real address and regularly imports and exports optical and medical tools and devices—eight months of imports and six months of exports recorded.

The company’s website reveals a focus on horizontal drilling guidance and related services. Prime Horizontal specializes in developing and providing innovative guidance products for HDD projects, particularly where conventional technology falls short. It has a long history of innovation, including the development of the ParaTrack system, and now offers a range of services, including drilling tools, gyro modules, and data display systems. The company even provides a rotating magnet ranging service for Coal Bed Methane production. It’s clear that Prime Horizontal is a specialist in a niche market, catering to a technically demanding industry.

Financially, Prime Horizontal’s recent performance shows some concerning trends. Current assets have decreased by 24%, dropping to £1.5 million, while net assets have fallen by 5.5% to £1.5 million. Bank borrowings have significantly reduced, a positive sign, but cash reserves have also declined by 61%, leaving only £75,000. Creditors have decreased by 43%, which could indicate improved debt management, but the overall picture suggests a company facing financial pressures. The company’s small size—meeting two of three criteria for a small company—helps it maintain flexibility, but the decrease in equity is something to keep an eye on. No auditor is mentioned, likely due to the small company exemption.

Overall, Prime Horizontal Ltd appears to be a specialist company facing challenges. While its innovative technology and niche market position offer potential, the recent financial trends suggest a need for careful management and a focus on profitability.

Registered in England/Wales under the registration number 03462707, with a registered address at TS24 0UX, Hartlepool, Maritime House Harbour Walk, The Marina.

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