Davies Crane Hire Limited

Davies Crane Hire Limited, based in Carmarthen, UK, is a large, active company established 37 years ago. With 85 employees and £3,708,362 in assets, it’s a significant player in the crane hire industry, boasting yearly revenue of £13,496,264. The company, a holding entity, operates from a real address and is overseen by four directors and a single owner. It regularly imports vehicles, parts, and accessories (excluding trains and trams), with recent activity in December 2024, and occasionally exports similar items, last doing so in March 2022.

Davies Crane Hire provides crane hire services throughout the UK, specializing in mobile, all-terrain, and crawler cranes, ranging from 8 to 400 tons. It also offers contract lifting services and utilizes AutoCad technology for lifting planning. The company has four depots – Carmarthen (HQ), Port Talbot, Milford Haven, and Cardiff – strategically located for easy access along the M4 corridor. It even has a showroom in Harrods, London.

Financially, the company's numbers show a mixed picture. While turnover increased by a healthy 32%, to £13 million, cash reserves took a significant hit, falling 79% to £490,000. Bank borrowings remained relatively stable, at £130,000, but administrative expenses jumped 71%, reaching £1.9 million. Creditors also decreased by 70%, to £740,000. The company’s assets, however, fell by 19%, to £3.7 million. The company is considered large, having met two of three criteria. The accounts were audited by James & Uzzell Ltd.

The increase in administrative expenses, coupled with the drop in cash, suggests the company may be investing heavily in growth or facing increased operational costs. The decrease in creditors is a positive sign, indicating better management of short-term debt. The company’s continued investment in its fleet and technology, as evidenced by the purchase of new cranes, suggests a commitment to maintaining a competitive edge in the crane hire market.

Registered in England/Wales under the registration number 02214779, with a registered address at SA31 2NG, Carmarthen, Dyfed, Pensarn Works Myrtle Hill, Pensarn.

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