Atlas Hire Drive Ltd

Atlas Hire Drive Ltd, based in Glasgow, UK, is a small, active company founded 14 years ago. With four employees and £435,150 in assets, it operates from a real address and is managed by a single director and owner. Boasting a stellar 5.0 Google rating from 353 reviews, Atlas Hire Drive is an irregular importer of vehicles, parts, and accessories (excluding trains and trams), with recent import activity recorded just one month ago.

The company specializes in motorhome and campervan hire, offering a range of vehicles from compact models to luxury options with fixed beds and rear lounges. Its website highlights a focus on modern vehicles, flexible collection and return times, and pet-friendly options. Atlas Hire Drive caters to both couples and families, offering a variety of layouts and specifications, including automatic gearboxes and garage storage. The website also features holiday ideas, route planners, and a blog, indicating a desire to provide a comprehensive travel planning resource for its customers.

Financially, Atlas Hire Drive Ltd exhibits some concerning trends. While cash bank holdings increased dramatically by 1600%, reaching £160,000, current assets overall decreased by 630% to £440,000. Creditors have risen significantly by 29% to £370,000, and trade debtors have increased by 450% to £280,000. Despite these pressures, the company’s equity has increased by 12% to £1.1 million. The company is small, meeting two of three criteria for classification (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). There is no auditor mentioned, meaning the financial statements are unaudited.

The substantial increase in cash holdings is a positive sign, but the rise in creditors and trade debtors suggests potential cash flow challenges. The company’s continued growth in the campervan hire market, coupled with its focus on customer service, may help it navigate these pressures—but the financial data indicates a business that is currently burning through money.

Registered in Scotland under the registration number SC396753, with a registered address at G3 8BW, Scotland, Glasgow, 104 Hydepark Street.

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