Fleet Service Limited

Fleet Service Ltd, based in Bolton, UK, is a small, active company established 24 years ago. Employing 32 people and holding assets of £2,685,948, it operates from a real address and is overseen by three directors and two owners. The company enjoys a stellar 5.0-star Google rating based on 57 reviews, reflecting a strong reputation. They are regular importers of electrical machinery and equipment, with the most recent import occurring in December 01, 2024.

The company’s website showcases a diverse range of services, from MOT testing and vehicle conversions to sales of bespoke solutions and executive services. They even have a dedicated Fleetcare division specializing in specialist vehicles, particularly those used for cash and valuables in transit. The website also highlights a Christmas competition offering a free MOT and service, encouraging customer engagement through Google reviews. The company operates from the Ribblesdale Trading Estate in Preston and boasts a dedicated team of technicians and support staff.

Looking at the financial data, Fleet Service Ltd presents a mixed picture. While current assets increased by 29% to £2,700,000, net assets also rose by 22% to £2,000,000. However, bank borrowings decreased by 25% to £29,000, and cash reserves fell by 24% to £1,100,000. Trade debtors have increased significantly by 240% to £1,400,000, suggesting a possible shift in payment terms or increased sales on credit. Creditors also rose by 36% to £910,000, and taxation and social security payable increased by 75% to £350,000. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the increase in creditors and social security payable warrants attention. The company is exempt from an audit as a small company.

Overall, Fleet Service Ltd appears to be a well-regarded business with a strong customer base, but the financial data suggests some challenges in managing cash flow and debt. The company's ability to sustain its growth and maintain its reputation will depend on its ability to address these issues.

Registered in England/Wales under the registration number 04181663, with a registered address at BL1 8TU, Bolton, Lancashire, 9 Riverside, Waters Meeting Road.

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