HYDRECO HYDRAULICS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-08 (in 3mo)
Last made up 2025-07-25
Watchouts
Cash
£532K
-20.8% vs 2023
Net assets
£12M
-16.7% vs 2023
Employees
37
+8.8% vs 2023
Profit before tax
-£3M
-500.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- HYDRECO HYDRAULICS LIMITED 2013-08-22 → present
- DAVID BROWN HYDRAULIC SYSTEMS LIMITED 2008-06-19 → 2013-08-22
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £10,858,000 | £9,865,000 | |
| Operating profit | £469,000 | -£3,111,000 | |
| Profit before tax | £685,000 | -£2,746,000 | |
| Net profit | £715,000 | -£2,763,000 | |
| Cash | £672,000 | £532,000 | |
| Total assets less current liabilities | £17,460,000 | £17,258,000 | |
| Net assets | £14,322,000 | £11,934,000 | |
| Equity | £14,322,000 | £11,934,000 | |
| Average employees | 34 | 37 | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 4.3% | -31.5% | |
| Net margin | 6.6% | -28.0% | |
| Return on capital employed | 2.7% | -18.0% | |
| Current ratio | 4.71x | 3.04x | |
| Interest cover | 3.03x | -32.75x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Hamlyns Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis. The directors believe that given the performance in the year and a positive future outlook, supported by a strong order book for future years that this basis is appropriate.”
Group structure
- HYDRECO HYDRAULICS LIMITED · parent
- Hydreco Hydraulics India Private Ltd 100%
- Hydreco Hydraulics Norway A/S 100%
- Hydreco Hydraulics Italia Srl 100%
- Hydreco Hydraulics Pty Ltd 100%
Significant events
- “There was significant Business Restructuring that occurred in the year, relating to the sale of our German entity to TILL Hydraulics, who are within the group owned by our ultimate parent company, Daikin Industries Ltd. In addition to this, both UK and Australia holding companies were dissolved and the impact of this was that UK became the direct owner of the Australia trading company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KIMURA, Yuya | Director | 2024-10-01 | Feb 1984 | Japanese |
| MADDALON, Roberto | Director | 2024-10-01 | Feb 1959 | Italian |
| MCCOLL, Katie Jane | Director | 2016-01-13 | Oct 1983 | Scottish |
| SIBLEY, Richard Michael | Director | 2022-05-20 | Feb 1969 | British |
| YOGO, Hiroshi | Director | 2024-10-01 | Sep 1960 | Japanese |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOLLAND, Mark Harry | Secretary | 2011-06-01 | 2021-07-30 |
| HUGHES, Mark Leonard William | Secretary | 2009-08-20 | 2011-05-20 |
| TULLEY, Karen Ann | Secretary | 2008-06-19 | 2009-08-20 |
| ADAMS, Austen Mark | Director | 2008-08-11 | 2013-08-19 |
| BURLEY, Thomas | Director | 2016-06-10 | 2018-10-18 |
| CHARLSON, Geoffrey | Director | 2008-08-11 | 2009-07-01 |
| COLLEY, Darren | Director | 2018-08-22 | 2020-01-31 |
| DOYLE, Zillah Frances Kenyon | Director | 2013-08-19 | 2016-06-10 |
| GATESHILL, David | Director | 2008-08-11 | 2009-08-20 |
| GIBSON, Keith | Director | 2009-09-01 | 2012-07-16 |
| GODFREY, Philip Duncan | Director | 2016-01-13 | 2018-08-22 |
| HAWKINS, Douglas Grahame | Director | 2013-08-19 | 2016-01-13 |
| HAWKINS, Douglas Grahame | Director | 2009-07-01 | 2012-07-16 |
| HOLLAND, Mark Harry | Director | 2011-06-01 | 2021-07-30 |
| HOLLAND, Mark Harry | Director | 2008-06-19 | 2009-07-01 |
| HUGHES, Mark Leonard William | Director | 2009-08-20 | 2011-05-20 |
| LYES, David John | Director | 2014-11-04 | 2015-09-11 |
| MACINTOSH, Stewart Robert | Director | 2013-08-19 | 2016-01-13 |
| MCCOLL, James Allan | Director | 2009-07-01 | 2012-07-16 |
| MITCHELL, Keith Lewis | Director | 2009-07-01 | 2012-07-16 |
| POWELL, Shauna Margaret | Director | 2013-08-19 | 2016-01-13 |
| SPRUCE, Ian James | Director | 2020-07-01 | 2024-10-01 |
| STEWART, Alexander | Director | 2011-10-27 | 2015-09-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Duplomatic Ms Spa | Corporate entity | Shares 75–100% | 2024-10-22 | Active |
| Hydreco Dbh Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-06-19 | Ceased 2024-10-22 |
Filing timeline
Last 20 of 129 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-11 | AA01 | accounts | Change account reference date company current extended | |
| 2025-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-25 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-06-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-06-16 | AA | accounts | Accounts with accounts type full | |
| 2024-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-11 | AA | accounts | Accounts with accounts type full | |
| 2024-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-26 | AA | accounts | Accounts with accounts type full | |
| 2023-06-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-23 | AA | accounts | Accounts with accounts type full | |
| 2022-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-20 | AP01 | officers | Appoint person director company with name date | |
| 2021-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2021-07-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-07-28 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-9.1%
£10,858,000 £9,865,000
-
Cash
-20.8%
£672,000 £532,000
-
Net assets
-16.7%
£14,322,000 £11,934,000
-
Employees
+8.8%
34 37
-
Operating profit
-763.3%
£469,000 -£3,111,000
-
Profit before tax
-500.9%
£685,000 -£2,746,000
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