Banqueting Hire Service Ltd

Banqueting Hire Service Ltd, based in Norwich, UK, is a long-standing business specializing in event equipment rental across East Anglia. Established in 2023, the company boasts a substantial collection – described as the largest in the region – and employs 38 people. Its registered address is Broadland House, Fakenham Road, and it’s led by a board of directors. The company's website, banquetinghireservice.co.uk, serves as its primary online presence, showcasing a wide range of products and services.

The website functions as an e-commerce platform, allowing customers to browse and select items from a vast inventory. Visitors can explore galleries of cutlery, glassware, tableware, event furniture, and linen, visualizing potential setups. A key feature is the online quote ordering system, enabling instant pricing and even order placement. For those seeking personalized assistance, the site encourages showroom appointments, emphasizing a relaxed environment where customers can receive expert guidance. The website’s design is clean and functional, prioritizing product presentation and ease of navigation.

Financially, Banqueting Hire Service Ltd presents a mixed picture. While fixed assets have grown significantly by 27% to £1.1 million, current assets have declined by 23% to £300,000. Net current assets liabilities have taken a dramatic hit, going from a small negative to a substantial -£250,000. Creditors within one year have increased by 39% to £550,000, while cash bank on hand has decreased by 7.7% to £180,000. Debtors have fallen by 38% to £120,000. Equity has increased by 13% to £660,000, reflecting retained earnings. The company’s depreciation expense remains consistent at £160,000. The lack of an auditor mentioned suggests the company is exempt due to its size, and the financial statements are unaudited. The substantial increase in creditors alongside a decrease in cash suggests the company may be relying on credit to maintain operations, however, the increase in equity suggests a positive trend in retained earnings.

Registered in England/Wales under the registration number 06326278, with a registered address at NR10 3AX, England, Norwich, 22 Waterloo Road, Hainford.

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