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Hydramec Offshore Hydraulic Systems Limited

04364570

active
Private Limited Company
Companies House
Health Score
79 / 100

Some Concerns

25/30
Filing
20/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • 3 outstanding charges (-6)

Details

UNITS G2 - G4 BOUNDARY ROAD, GREAT YARMOUTH, NR31 0LY
Incorporated 31/01/2002

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25620
Machining
32990
Other manufacturing

Officers

Mr Daniel Peter Church

director · Since 01/01/2003

HYDRAULIC ENGINEER

BRITISH · UNITED KINGDOM · Age 50

Also on 2 other boards

Persons with Significant Control

Hohs Holdings Limited

75–100% shares
75–100% votes
Appoint directors

Units G2 - G4 Boundary Road, Great Yarmouth, NR31 0LY

Reg: 08592848 · Companies House · Limited By Shares

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

REWARD FINANCE GROUP LIMITED

Created 06/12/2022Registered 07/12/2022
Charge
outstanding

HSBC UK BANK PLC

Created 29/06/2021Registered 30/06/2021
Charge
satisfied

HSBC INVOICE FINANCE (UK) LTD

Created 15/05/2020Registered 19/05/2020Satisfied 31/05/2022
Charge
satisfied

EASTERN CREDIT LTD

Created 15/07/2016Registered 26/07/2016Satisfied 14/11/2019
Charge
outstanding

HSBC BANK PLC

Created 26/08/2014Registered 26/08/2014
Charge
satisfied

PETER ALBERT CHURCH · AUDREY LILLIAN CHURCH

Created 01/08/2013Registered 13/08/2013Satisfied 01/10/2014
Charge
satisfied

LLOYDS TSB BANK PLC

Created 01/08/2013Registered 07/08/2013Satisfied 19/09/2014

CompanyRankvs 402+ SIC 25620 peers
68

Financial strength86th percentile among SIC peers · 22/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.38× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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402Hydramec Offshore Hydraulic Systems Limited
78
How is this score calculated?
Financial strength22/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£1.2M

Balance sheet strength

Cash

£246k

Cash in the bank

Net Current Assets

£1.0M

Working capital

Current Assets

£3.8M

Current Liabilities

£2.8M

Fixed Assets

£180k

Debtors

£2.2M

46avg. employees-6

Balance Sheet

Assets less current liabilities£1.2M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20241.38+£165k
20231.23-£296k
20211.87—

Derived from filed accounts. Not audited figures.