HYDROSCAND LTD.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2023-12-31.

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

Oakensen (Bristol) Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”

Group structure

1. HYDROSCAND LTD. · parent
   1. Blackwell Hydraulics Limited 1% · UK · dormant company
   2. Euro Hydraulics Mobile Limited 1% · UK · dormant company
   3. Pathel UK Limited 1% · UK · sale of industrial machinery and equipment
   4. Leicester Hose and Hydraulics Limited 1% · UK · sale of hydraulic equipment
   5. Yorkshire Hose and Fittings Ltd 1% · UK · sale of hydraulic fittings and hose assemblies

Significant events

• “Late in 2024, we onboarded a new sales team who have been given time to settle in and develop a pipeline of opportunities.”
• “We are also in the process of attempting to exit our contract and return early our Southampton premises to the landlord, following the business decision to close that trading location.”
• “Additionally, we will be rolling out a programme to transition from purchased vehicles (vans and cars) to a fully leased option on a four-year change-out cycle.”
• “Hydroscand UK's general approach to future development includes: Further expansion of depot locations and MobileExpress assets; Continued development of Industrial Hose Centre of Excellency; Pneumatic related product sales and associated machinery sales; Hose management services; and Condition based monitoring services.”
• “Upcoming initiatives and specific developments include: Implementing and establishing the Transformational Plan; The continuation of driving the Sales Excellence Program; Establishing repeatability on entry level Industrial Hose products; and Implementing Hygienic and Chemical Industrial Hose Assemblies into the marketplace.”

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

Filings

5

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -16.8%

  £8,680 → £7,223

• Net assets

  -131.3%

  £584,294 → -£182,646

• Employees

  +6.2%

  65 → 69

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers