Class 1 Vehicle Hire Ltd

Class 1 Vehicle Hire Ltd, based in Larbert, Scotland, is a small, active company founded eight years ago. Employing just three people, it holds £561,619 in assets and operates from a real address. With a solo founder, one director, and a perfect 5.0 Google rating from 44 reviews, it’s a well-regarded local business. The company primarily rents out vans and cars, with a secondary business in minibus hire, catering to both private and business customers. It also imports furniture, lighting, and prefabricated buildings, with a recent import recorded just last month.

The company’s website highlights a range of vehicles, from Ford Transit Customs to Mercedes Sprinters, alongside cars like Audis and Nissans. It emphasizes a friendly service, brand-new vehicles, and a convenient location. Customers can book via telephone only, and the site provides FAQs about vehicle hire, including requirements for driving licenses and payment methods. The company also offers delivery and collection services, with charges applying.

Financially, Class 1 Vehicle Hire Ltd presents a mixed picture. Cash reserves increased by a substantial 110%, reaching £200,000, which is a positive sign. However, net assets also rose significantly, increasing by 150% to £800,000, which could be due to increased liabilities. Bank borrowings decreased slightly, but creditors increased by 36%, suggesting the company is taking on more debt. The company’s size—meeting two of three conditions for a small company—helps it remain flexible, but the increased liabilities could be a cause for concern. The company is exempt from an audit as a small company, so the figures are unaudited.

Overall, Class 1 Vehicle Hire Ltd appears to be a thriving local business with a strong reputation, but the increased liabilities suggest it may be burning through cash faster than it’s earning it.

Registered in Scotland under the registration number SC551856, with a registered address at FK5 4PX, Scotland, Larbert, Overland Building, 263 Main Street.

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