Finnie Heavy Haulage Limited

Finnie Heavy Haulage Ltd, based in Dumfries, UK, is a small, active company founded 23 years ago. With five employees and £2,450,525 in assets, it’s a family business operating from a virtual address—a detail highlighted by the fact that 22 companies share the same registration address. The company has three directors and two owners, and boasts a stellar 5.0 Google rating based on a single review. It’s an irregular importer, primarily dealing with electrical machinery and equipment, with its last import operation occurring two months ago in January 2022.

The company’s website paints a picture of specialists in heavy, abnormal, and general haulage services throughout the UK, Ireland, and Europe. They emphasize a dedicated team providing transport solutions on time and on budget, and highlight their experienced drivers and modern fleet. Finnie Heavy Haulage operates from Lockerbie and Glasgow, and has built a reputable business with a strong customer focus. Services include heavy haulage, abnormal load transportation, deliveries, and specialized transport solutions like extendable flat beds and low loaders.

Financially, Finnie Heavy Haulage Ltd presents a mixed picture. While current assets increased by 28% to £2,500,000, net assets also rose by 21% to £2,600,000. However, bank borrowings increased significantly by 48% to £11,000, and cash reserves decreased by 55% to £650,000. Trade debtors saw a dramatic increase of 280%, reaching £1,800,000, which could indicate a shift in payment terms or a larger volume of sales. The company’s small size (meeting two of three criteria for being a small company) allows for flexibility, but the rise in debt and the drop in cash warrant closer attention. As a small company, it’s exempt from an audit, so these figures are unaudited.

The company’s reliance on a virtual address and the fluctuating financial metrics suggest a business navigating the challenges of growth and market conditions. While its reputation for heavy haulage expertise seems secure, the financial picture requires careful monitoring.

Registered in Scotland under the registration number SC230925, with a registered address at DG1 1JD, Dumfries, Dumfriesshire, 51 Rae Street.

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