Flying Hire Limited

Flying Hire Ltd, based in Lincoln, UK, is a small, family-run business with an active status, celebrating 24 years in operation. Employing 19 people and holding assets valued at £327,715, it's a well-established player in its sector. The company, led by three directors and two owners, boasts a stellar 5.0 Google rating from 29 reviews, demonstrating strong customer satisfaction. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with its last import activity recorded over two years ago in May 2022.

The company's website highlights its expertise in temporary event power solutions, offering generators, lighting, and electrical distribution services. From powering large-scale events to providing backup power for industrial shutdowns, Flying Hire Ltd caters to a diverse range of clients. The site emphasizes reliability, customer service, and a commitment to sustainability, with options for HVO fuel and battery boxes. It’s clear that the business is focused on providing comprehensive power solutions for temporary needs.

Financially, Flying Hire Ltd presents a mixed picture. While current assets decreased by 6.7% to £330,000, net assets remained stable at £620,000. Bank borrowings have increased significantly, rising by 54% to £140,000, and cash reserves have fallen by 63% to £31,000. Creditors have also increased by 23%, reaching £550,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests it's exempt from an audit as a small company.

The company’s financial trends suggest it’s navigating a period of investment or increased operating expenses, which could be related to expanding its services or equipment. It's a well-regarded business with a strong reputation, but the financial data indicates a need to carefully manage cash flow and debt levels.

Registered in England/Wales under the registration number 04188430, with a registered address at LN6 9HD, England, Lincoln, Merlin House Wigsley Road, North Scarle.

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