Cellhire Limited

Cellhire Ltd, a holding company based in York, UK, has been operating for 37 years, employing 88 people and holding assets valued at £16,014,691. The company, with a solid 4.0 Google rating from nine reviews, is a regular importer and exporter of electrical machinery and equipment, with 39 months of import activity and 115 months of export activity. It’s directed by four individuals and owned by one entity.

Cellhire’s core business revolves around providing mobile connectivity and IoT solutions. Its website highlights a range of services, including business mobile contracts, satellite connectivity, and IoT eSIM solutions. The company actively targets various industries, such as security, retail, logistics, and construction, offering tailored connectivity solutions. It also partners with a network of managed service providers and channel partners to expand its reach. A key element of their offering is the provision of wholesale connectivity products, targeting businesses looking to offer mobile services to their own customers.

Financially, Cellhire Ltd shows a mixed picture. While cash bank on hand increased by a significant 35% to £6,000,000, current assets decreased by nearly 5% to £16,000,000. Net losses deepened to -£1,000,000, a 63% decrease from the previous year. Trade debtors increased by 19%, suggesting potential issues with customer payments, and bank borrowings increased by 52%, indicating a reliance on external financing. The company’s average number of employees grew by 10% to 97, which may reflect increased operational demands. Accumulated amortisation and impairment of intangible assets increased significantly, reflecting investment in development costs.

The company’s focus on wholesale connectivity and IoT solutions suggests a strategy to leverage its expertise and reach a wider customer base. The increase in bank borrowings and the decrease in cash reserves, however, may indicate a need for careful financial management. It’s worth noting that the accounts are unaudited, so the figures should be interpreted with caution. The company’s continued growth in employee numbers and its focus on innovation, such as eSIM solutions, suggest a positive outlook, but the financial challenges require attention.

Registered in England/Wales under the registration number 02159836, with a registered address at YO30 5PB, York, Yorkshire, Park House, Clifton Park.

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