William Hughes Limited

William Hughes Limited, based in Stalbridge, UK, is a well-established company with a rich history, having operated for 95 years. This large company, holding company, and active status employs 117 people and generates £11.64 million in yearly revenue. The company, with three directors and one owner, maintains a real address and boasts a stellar 5.0-star Google rating based on seven reviews. Regular importer of iron and steel (99 months imported) and exporter of iron or steel products (217 months exported), William Hughes is a significant player in the industry.

The company specializes in the forging, pressing, stamping, and roll-forming of metal, powder metallurgy, treatment and coating of metals, and the manufacture of wire products, chain, and springs. They operate facilities in the UK and Bulgaria, catering to industries like automotive, aerospace, and medical. Their website highlights custom-made springs, wire forms, and assemblies, emphasizing their ability to provide bespoke solutions. They even offer ultrasonic cleaning and passivation services, alongside wire stocks and piano strings.

Financially, William Hughes Limited presents a mixed picture. While turnover remained stable at £12 million, administrative expenses stayed the same, a slight increase. Bank borrowings decreased by 16%, a positive sign, but cash and cash equivalents experienced a significant 610% decrease. Accrued liabilities saw a 25% reduction, and depreciation on plant and machinery increased by 11%. Amounts owed to directors decreased by 35%, while those owed by directors increased. The company’s total assets increased by 17%, and deferred tax liability decreased.

The company’s continued investment in equipment, particularly CNC-based machinery, suggests a commitment to staying competitive. The increase in administrative expenses, however, could indicate rising operational costs. The substantial drop in cash reserves is a point of concern, potentially requiring careful management of working capital. The lack of an auditor mentioned in the report, likely due to its size, means the figures are unaudited, and the financial health of the company relies on internal reporting.

Registered in England/Wales under the registration number 00243035, with a registered address at DT10 2RZ, Stalbridge, Dorset, Station Road.

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