Quality Hydraulic Power Limited

Quality Hydraulic Power Ltd, based in Halifax, UK, is a well-established holding company with an active status, having operated for 37 years. Employing 82 people and boasting assets of £18,712,724, the company functions from a virtual address—a detail flagged by the presence of 61 other companies registered at the same location. Five directors and one owner (though the owner list may not be exhaustive) steer the ship, with a modest Google rating of 3.0 based on just three reviews.

The company’s core business revolves around the oil and gas industry, acting as a worldwide leader in Oil and Gas Accumulators and Compensators. It’s part of the larger HYDAC Group, a global leader in bladder, piston, and diaphragm accumulators. Quality Hydraulic Power manufactures both standard and bespoke accumulators, serving as a key supplier to subsea production systems, mechanical seal systems, and topside control systems. They also serve other sectors with complex applications. The company's website emphasizes its technical expertise, customer focus, and financial strength—being debt-free and reinvesting returns.

Financially, Quality Hydraulic Power Ltd presents a mixed picture. While administrative expenses increased by a significant 14% to £5.8 million, turnover also rose by 21% to £12 million. Cash bank on hand, however, decreased by 5.8% to £4.8 million, and net assets dropped by 8.4% to £22 million. Bank borrowings increased, and staff costs rose 11% to £4 million. The company's size—meeting two of three criteria for a large company—suggests a stable but competitive market position. The unaudited accounts, prepared with CCH Software, don't mention an auditor.

The company’s focus on importing and exporting machinery, boilers, and mechanical appliances—with 189 months of import activity and 684 months of export activity—indicates a global reach. The company’s financial trends suggest it’s growing, but also facing challenges in managing cash flow. It will be interesting to see how the company navigates these pressures in the coming years.

Registered in England/Wales under the registration number 02131010, with a registered address at HX1 1EB, Halifax, West Yorkshire, West House, King Cross Road.

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