Acclaim Handling Limited

Acclaim Handling Ltd, based in Purfleet, UK, is a well-established company with a 36-year history, currently employing 143 people. The company holds assets worth £10,344,462 and generates an annual revenue of £21,178,144. It’s a large company, meeting two of three criteria: turnover exceeding £36 million, balance sheet total over £18 million, and average number of employees over 250. It operates in the renting and leasing of machinery, equipment, and tangible goods, and is a regular importer of machinery, boilers, and mechanical appliances parts, with 121 months of import activity. Five directors and one owner oversee operations, and the company's address is real, with only two other companies registered at the same location.

The company's website showcases a wide range of equipment and services, primarily focused on forklift trucks and related materials handling solutions. It’s not a typical e-commerce site; instead, it functions as a comprehensive resource for businesses seeking to purchase, hire, or service their equipment. The website details a broad inventory, including new and used forklifts, parts, training, and even disaster recovery services for pianos—a surprising, high-end venture alongside the core business. The site also offers services like thorough examinations and fleet management, indicating a full-service approach to materials handling.

Financially, Acclaim Handling Ltd presents a mixed picture. While cash and cash equivalents decreased by 41%, dropping to £2.2 million, current assets increased by 35%, reaching £10 million. Bank borrowings surged by 190%, reaching £4.3 million, and net losses deepened from £1.5 million to £880,000. Trade debtors ballooned by 68%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £1.8 million. The company’s increased administrative expenses, up 16%, could be related to the growing business. The lack of an auditor mentioned suggests exemption as a small company, and the figures rely on unaudited statements.

Overall, Acclaim Handling Ltd appears to be a stable, established player in its industry, but the increased debt and losses indicate potential financial pressures. The diversification into piano restoration is an interesting development, but its impact on the company’s overall performance remains to be seen.

Registered in England/Wales under the registration number 02309389, with a registered address at RM15 4YD, Purfleet, Essex, Ellisam House, Purfleet Industrial Park A13.

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