Fairfax Plant Hire Limited

Fairfax Plant Hire Ltd from Selby UK: large company, holding company, active status, founded 39 years ago, 101 employees, £12,824,381 assets, yearly revenue: £22,359,369, real address, 5 directors, 3 owners, family business, e-commerce site. Regular importer of electrical machinery and equipment (5 months imported). Fairfax Plant Hire Ltd is a substantial player in the UK plant hire industry, operating as a holding company with a long-standing history dating back to 1985. The company employs 101 people and boasts significant assets of £12.8 million and a yearly revenue of £22.4 million. It’s a family business with a real address and a well-established e-commerce presence, regularly importing electrical machinery and equipment.

The company’s size is considerable, meeting two of three conditions to be classified as large: turnover exceeding £36 million, a balance sheet total over £18 million, and an average of more than 250 employees. It operates as a holding company, and its active status confirms ongoing operations. The company’s website showcases a wide range of services, including small plant hire, access hire, tool hire, and sales. It also functions as a main Calor Gas dealer and offers a diverse selection of power tools, hand tools, and safety equipment. The site details a history of fleet expansion, new product offerings, and even sponsorship of local sports teams, giving a sense of the company's community involvement. The site also has a gallery, and a section on news.

Financially, Fairfax Plant Hire Ltd shows a mixed picture. Creditors increased by a substantial 30% to £17 million, while bank borrowings also rose by 11% to £350,000. However, cash reserves improved by 20% to £1.7 million, suggesting better liquidity management. The company’s net assets increased by 13% to £20 million, a positive indicator of overall financial health. Although trade debtors increased by 18% to £7.1 million, it’s likely due to the company’s growth and expansion. The company’s turnover of £22.4 million indicates a strong market presence, and the fact that it’s a regular importer of electrical machinery and equipment suggests a reliance on external suppliers. The company's auditors are Mazars LLP.

The company’s growth is evident in its continued fleet expansion and new product offerings. However, the increase in creditors and bank borrowings warrants close monitoring. The company's reliance on external suppliers, as demonstrated by its regular imports, could be a vulnerability in a volatile global market. Overall, Fairfax Plant Hire Ltd appears to be a well-established and growing business, but it’s important to keep an eye on its financial trends and external dependencies.

Registered in England/Wales under the registration number 01953454, with a registered address at YO8 6QG, Selby, North Yorkshire, The Old Brickworks, Hull Road Hemingbrough.

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