Rotec Hydraulics Limited

Rotec Hydraulics Ltd from Taunton, UK, is a small, holding company with an active status, celebrating 45 years in business. Founded in 1979, it employs 50 people and holds £3,892,429 in assets. The company, managed by four directors and one owner, operates from a real address and maintains an e-commerce site, earning a 5.0 Google rating based on two reviews. It’s a regular importer and exporter of machinery, boilers, and mechanical appliances, parts, with 65 months of import activity and 8 months of export activity recorded.

The company’s website highlights Rotec Hydraulics as a specialist in the design, build, installation, and maintenance of hydraulic, pneumatic, and electronic components and systems. They serve sectors including aerospace, agriculture, industrial, marine, transport, and utilities, both in the UK and internationally. The company’s expertise spans from bespoke system design to on-site maintenance and repair, emphasizing reliability and customer service.

Financially, Rotec Hydraulics Ltd’s recent performance shows a mixed picture. Current assets decreased by 7.8% to £3,900,000, while net assets also fell by 1.5% to £3,000,000. Cash reserves dropped 39% to £300,000, and bank borrowings increased, suggesting a need for additional financing. However, trade debtors rose by 14%, indicating stronger sales. Creditors also decreased by 13%, which is a good sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in cash reserves warrants attention. The company is exempt from an audit, so the figures are unaudited.

The company's increased debt and decreased cash reserves could be due to investments in new equipment or expansion of its e-commerce operations. The strong sales, as indicated by the increase in trade debtors, suggest that the company is successfully meeting customer demand. It’s likely that the company will continue to focus on its core business and explore opportunities for growth in the coming years.

Registered in England/Wales under the registration number 01442187, with a registered address at TA2 8DE, Taunton, Somerset, Unit 1 Venture Way, Priorswood Industrial Estate.

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