Beccles Tool Hire Co. Limited

Beccles Tool Hire Co. Limited, based in Lowestoft, UK, is a small, active company established 28 years ago. Employing ten people and holding £890,131 in assets, it’s a family business with a strong 5.0-star Google rating from 122 reviews. The company operates from a virtual address, registered with thirty other businesses, and is managed by three directors and two owners. It’s a regular importer, bringing in basic metal tools and utensils for the last thirteen months, with the latest import occurring in February 2024. The company’s core business involves retail via specialised stores.

While the company’s website is not available, the financial data paints a mixed picture. Current assets remained steady at £890,000, but net assets increased by a substantial 40% to £460,000. Bank borrowings decreased by 39%, suggesting improved debt management. Cash reserves increased by 2.9% to £230,000. Creditors decreased by 33%, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. However, the increase in other taxation and social security payable by 120% is a point to watch.

The company’s financial health appears stable, with a significant increase in equity. The decrease in trade debtors by 20% is a good sign, suggesting better payment collection. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. The company’s consistent import activity and positive customer reviews indicate a well-established business, though the increase in social security payable warrants further investigation.

Registered in England/Wales under the registration number 03305958, with a registered address at NR32 2HD, Barnards Way Lowestoft, Suffolk, Lothing House, 7 Quay View Business Park.

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