Allan J Hargreaves Plant Engineers Limited

Allan J Hargreaves Plant Engineers Limited, based in Thornton Cleveleys, UK, is a medium-sized holding company with an active status. Established twenty years ago, the company employs sixty-five people and holds assets worth £7,893,461. Yearly revenue sits at £9,528,079, reflecting a healthy turnover. With a real address and a perfect 5.0 Google rating from thirteen reviews, it’s a well-regarded operation. The company regularly imports vehicles, parts, and accessories—a trend that’s been ongoing for eighteen months, with the last import occurring in December 2024. It also occasionally exports optical and medical tools and devices, though this is less frequent, with just one month of export activity recorded in March 2024.

The company operates in the repair and maintenance of other transport equipment, a specialized area that requires skilled engineers. While a website isn’t readily available, this focus suggests a business-to-business model rather than direct e-commerce.

Looking at the financial data, Allan J Hargreaves Plant Engineers Limited appears to be facing some challenges. While turnover increased by 11%, reaching £9,528,079, net assets decreased significantly, dropping 14% to £7,800,000. Cash reserves fell by 36% to £1,900,000, and bank borrowings increased by 150% to £21,000. Trade debtors increased by 290%, indicating potential issues with collecting payments from customers. On a positive note, creditors decreased by 18%, suggesting improved debt management. The company's average number of employees increased by 4%, and administration support increased by 53%, which could be due to increased workload.

The company is controlled by Hargreaves Engineering Group Ltd, and Paul James Hargreaves serves as the director. The financial statements were audited by JNB Accountancy Limited. Given the company’s size (meeting two of three conditions for a medium company), it’s likely exempt from more stringent reporting requirements. The increase in debt and decrease in cash reserves, however, warrants careful monitoring. It’s possible that the company is investing in new equipment or expanding its operations, but the trend suggests a need for improved financial control.

Registered in England/Wales under the registration number 05387021, with a registered address at FY5 4JT, Thornton Cleveleys, Lancashire, Longmeadow Lane, Redmarsh Industrial Estate.

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