Albie Hire Ltd.

Albie Hire Ltd from Retford UK is a small, active company founded 14 years ago. With five employees and £429,733 in assets, it's a solo-founded operation led by a single director and owner, Potts Adam. The company’s status is active, and it operates in the renting and leasing of construction and civil engineering machinery and equipment. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with just one month of import activity recorded as of May 2023.

The company’s website, while not providing detailed e-commerce functionality, highlights its core business: renting and leasing construction and civil engineering machinery. It’s a straightforward operation, focused on providing equipment to the construction industry. The company also appears to have a history of recycling, as indicated by a previous name, Adam Potts Recycling Limited.

Financially, Albie Hire Ltd presents a mixed picture. Current assets increased by 16% to £430,000, while net assets grew by 63% to £61,000 – a positive sign. However, bank borrowings decreased by 26%, and cash reserves dropped by 64% to £4,300. Creditors decreased by 19%, suggesting better debt management. The company meets two of the three criteria to be classified as small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). With no auditor mentioned, the figures rely on unaudited statements.

The company’s financial data also reveals some interesting trends. Accumulated depreciation for motor vehicles increased by 59%, while plant machinery saw a 40% increase. Trade debtors increased by 22%, and other debtors saw a dramatic 130% increase. It’s possible the company is investing in new equipment or extending credit terms to customers. The company’s small size allows for agility, but the decline in cash reserves warrants attention.

Registered in England/Wales under the registration number 07366587, with a registered address at DN22 9JN, England, Retford, Markfield Farm Smeath Lane, Clarborough.

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