Advantage Hire Ltd

Advantage Hire Ltd, based in London, UK, is a small, active company founded 16 years ago in 2009. With six employees and £70,409 in assets, it operates from a real address at 14 Ensign Drive, Palmers Green. The company is led by one director and has two owners, although the list of owners may not be exhaustive. It’s an irregular importer, with its top import category being Miscellaneous manufactured goods, totaling just two months of imports, the last in 2019. The company operates in the other professional, scientific and technical activities n.e.c. industries.

The company’s website, advantagehire.co.uk, reveals a focus on plant and machinery hire, particularly in Little Waldingfield, England. It highlights a range of equipment, from mini-excavators to dumpers, catering to construction and landscaping projects. While the website is functional, it lacks the polish of a modern e-commerce platform, suggesting a more traditional, service-oriented business model.

Financially, Advantage Hire Ltd presents a concerning picture. Current assets have plummeted by 87%, dropping to just £70,000, while net assets have swung to a negative £150,000. Bank cash has fallen dramatically, down 91% to a mere £44,000. Creditors have surged 420%, reaching £240,000, and trade debtors have fallen 56%, suggesting a struggle to collect payments. Despite a 25% decrease in property, plant, and equipment, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it can remain agile. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

In short, Advantage Hire Ltd is facing significant financial headwinds. While its plant hire business may be steady, the sharp decline in equity and the increase in debt raise serious questions about its long-term viability. It's a worrying situation for a company that’s been operating for nearly two decades.

Registered in England/Wales under the registration number 06820922, with a registered address at N13 5AN, London, 14 Ensign Drive, Palmers Green.

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