Budget Forktrucks Limited

Budget Forktrucks Limited, based in Brimpton Common, UK, is a small, active company established 42 years ago. With 32 employees and £2,424,585 in assets, it’s a well-established player in its sector. The company, which has a real address, is led by three directors and owned by Evans Andrew Lee, a solo founder. It boasts an impressive Google rating of 5.0 based on 21 reviews. They are an irregular importer of headgear and accessories, with just one month of imports recorded as of January 2024.

The company’s website, budgetforktrucks.co.uk, positions itself as a leading provider of materials handling solutions, specializing in forklift hire, sales, and training across Berkshire, Hampshire, West Sussex, Oxfordshire, and Greater London. They offer a hire fleet of over 450 trucks, catering to both short-term and long-term needs, with new and refurbished options available. The site highlights services like emergency call-outs, driver training, and transport solutions, showcasing a comprehensive approach to customer needs. They even have a showroom in Harrods, London.

Financially, Budget Forktrucks Limited demonstrates a mixed picture. Cash bank on hand increased by 28% to £1,600,000, a positive sign of liquidity. However, net assets decreased by 3% to £3,900,000, and trade debtors decreased by 30% to £260,000. Bank borrowings increased by 38% to £240,000. Creditors also increased by 14% to £190,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in equity warrants closer attention. No auditor is mentioned, meaning the financials are unaudited.

The company's growth in cash reserves suggests they are managing their working capital effectively. However, the increase in bank borrowings and the decrease in net assets indicate potential financial strain. It’s likely the company is investing in its fleet or expanding its operations, but careful monitoring of its debt levels will be crucial.

Registered in England/Wales under the registration number 01652370, with a registered address at RG7 4RT, United Kingdom, Brimpton Common, Berkshire, Larkwhistle Farm, Kingsclere Road.

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