HYDRATIGHT LIMITED

1. HYDRATIGHT LIMITED 2006-01-13 → present
2. HYDRATIGHT SWEENEY LIMITED 2001-03-19 → 2006-01-13
3. HYDRA-TIGHT LIMITED 1995-10-23 → 2001-03-19
4. INHOCO 420 LIMITED 1995-06-19 → 1995-10-23

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have reviewed the Company's liquidity position and budgets, reflecting the best current view of trading for a period of no less than 12 months from the date of approval of the financial statements and are satisfied that it is appropriate to prepare the accounts on the going concern basis. The company has received a letter of support from its ultimate parent company, Enerpac Tool Group Corp. The directors are satisfied that the ultimate parent is in a financial position to provide that support, which will enable the Company to meet its short term obligations as they fall due for at least 12 months from approval of these financial statements.”

Group structure

1. HYDRATIGHT LIMITED · parent
   1. Hydratight FZE 100% · Dubai · Equipment rental and bolting services
   2. Hydratight Operations Limited 100% · United Kingdom · Dormant
   3. Actuant Middle East Holdings S.L. 100% · Spain · Investment company
   4. Hydratight PPS 100% · Kazakhstan · Equipment rental
   5. Hydratight Ltd Azerbaijan 100% · Republic of Azerbaijan · Equipment rental

Significant events

• “On 23 March 2022, the Group announced the launch of the ASCEND program, a new transformation program focused on driving accelerated earnings growth and efficiency across the business with the goal of delivering improved annual operating profit once fully implemented. The ASCEND program focuses on the following key initiatives: (i) accelerating organic growth go-to-market strategies; (ii) improving operational excellence and production efficiency by utilizing a lean approach; and (iii) driving greater efficiency and productivity in selling, general and administrative expenses.”
• “At the end of FY2024 the Ascend program ended. The successor of the Ascend program is a more internally managed Powering Enerpac Performance (PEP) program.”
• “In 2023 the decision has been made to close the Kazakhstan business and in 2025 we started with the closure process.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

1

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -23.2%

  £25,013,000 → £19,203,000

• Cash

  -93%

  £316,000 → £22,000

• Net assets

  -20.2%

  £18,676,000 → £14,910,000

• Employees

  -23.2%

  142 → 109

• Operating profit

  -71.9%

  -£2,399,000 → -£4,125,000

• Profit before tax

  -1,210.2%

  -£295,000 → -£3,865,000

• Wages

  -9.7%

  £8,398,000 → £7,587,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers