Reid Hydraulic Services Limited

Reid Hydraulic Services Ltd from Arbroath UK: a small, active company founded 23 years ago, employs five people, and holds £510,154 in assets. With a real address and three directors, it’s a well-established local business. Google users rate it a perfect 5.0 based on four reviews, and it’s an irregular importer of iron or steel products, having imported for two months, the last time being in October 2024.

The company operates as a hydraulic repair service, with a depot and onsite service, and takes pride in its workmanship. It's a family-run business established in 1995, offering a wide range of hydraulic components and hoses. RHS is also an authorized distributor for EuroPower in Northeast Scotland, providing a 24-hour onsite service with fully trained engineers. The website showcases expertise in car transporter hydraulics and offers services ranging from hose repair to high-pressure testing. It also has a country store section.

Financially, Reid Hydraulic Services Ltd presents a mixed picture. Current assets have increased by 32% to £510,000, but trade debtors have plummeted by 75%, leaving just £14,000. Bank borrowings have risen by 14%, reaching £5,700, and cash reserves have fallen by 60% to £460,000. Creditors have decreased by 2.1%, suggesting improved debt management. 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. No auditor is mentioned, likely due to its small size.

Overall, Reid Hydraulic Services Ltd seems to be navigating some challenges, with a significant drop in receivables. However, its strong Google rating and diverse service offerings suggest a resilient business, and the increase in current assets indicates a positive trend. The company's family-run nature and local presence likely contribute to its long-standing success, though the drop in cash reserves warrants monitoring.

Registered in Scotland under the registration number SC231422, with a registered address at DD11 4UF, Arbroath, Angus, Woodside Of Kinnell, Kinnell.

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