Capital Hire Management Ltd

Capital Hire Management Ltd, based in Harrow, UK, is a small, active company founded fifteen years ago in 2009. With eight employees and £812,755 in assets, it operates from a real address and is managed by two directors and a single owner, Babuzade Ali. The company boasts a solid 4.0 Google rating from 57 reviews. It’s an irregular importer, primarily dealing with vehicles, parts, and accessories, with its last import activity recorded over five years ago.

The company’s website highlights its core business: PCO car hire for Uber and other ride-hailing services. It offers a range of vehicles, including plug-in hybrids, electric cars, and MPVs, with weekly rental rates clearly displayed. The site emphasizes affordability, reliability, and a “trusted” reputation, with testimonials from satisfied customers. It also includes a blog with helpful information for private hire drivers, such as Gatwick airport drop-off fee updates.

Financially, Capital Hire Management Ltd presents a mixed picture. While current assets increased by 12% to £810,000, net assets rose by a more modest 11% to £320,000. However, cash bank on hand experienced a significant drop of 120%, plummeting to -£17,000—a worrying trend. Bank borrowings surged by a staggering 14%, reaching £1.3 million, and trade debtors ballooned by 830,000%, suggesting potential issues with customer payments. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the increase in debt and the negative cash balance are concerning. The accounts are unaudited, as is typical for small companies, and no auditor is mentioned.

Overall, Capital Hire Management Ltd appears to be navigating a challenging financial landscape, despite a strong online presence and positive customer reviews. Whether it can sustain its growth and manage its increasing debt remains to be seen.

Registered in England/Wales under the registration number 06929484, with a registered address at HA3 7AF, England, Harrow, 56 High Street, Wealdstone.

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