Bob Francis Crane Hire Limited

Bob Francis Crane Hire Ltd, based in St. Asaph, UK, is a small, active company founded 28 years ago. With 44 employees and £1,354,898 in assets, it’s a well-established player in the crane hire industry. The company, managed by three directors and two owners, boasts a Google rating of 4.0 based on one review. It’s an irregular importer, mainly bringing in machinery, boilers, and mechanical appliances parts, with its last import operation recorded two months ago in March 2023.

The company’s website highlights its specialization in mobile and crawler cranes, as well as heavy haulage services. It caters to a broad spectrum of clients, emphasizing 40 years of industry experience and a reputation for high-quality crane hire and specialist lifting services. It operates from depot locations in North and Mid Wales, the North West, and Midlands, supporting clients throughout the UK and Ireland. The website also showcases a separate, high-end piano restoration division, 1066 Pianos, operating from Cambridge with a showroom in Harrods – a surprising diversification from crane hire.

Financially, Bob Francis Crane Hire Ltd presents a mixed picture. Current assets have decreased by 16% to £1,400,000, while net assets have increased by 8.4% to £1,900,000. Bank borrowings have been reduced to zero, a positive sign, but cash reserves have fallen by 25% to £590,000. Creditors have decreased by 6.9%, suggesting better debt management. The company’s small size (meeting two of three conditions for a small company) helps it remain agile. Although no auditor is mentioned, the figures are unaudited.

The company’s financial performance suggests a period of adjustment. While it’s managed to reduce its debt and maintain a healthy equity position, the decline in cash reserves and assets warrants attention. The diversification into piano restoration is an interesting development, but its impact on the core crane hire business remains to be seen.

Registered in England/Wales under the registration number 03325242, with a registered address at LL17 0JA, St. Asaph, Denbighshire, Unit 32 St. Asaph Business Park.

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