Forklift Hire & Sales Limited

Forklift Hire & Sales Ltd, based in Rotherham, UK, is a small, active company founded ten years ago in 2014. With thirteen employees and £991,202 in assets, it operates from a virtual address, a fact highlighted by seventy-seven other companies registered at the same location. The business is led by two directors and a single owner, who also serves as the solo founder.

The company’s core activities involve the repair and maintenance of transport equipment, and it engages in irregular import and export operations. It imports vehicles, parts, and accessories (excluding train or tram components) for roughly one month of the year, with the latest import occurring in June 2024. Export activities, focused on machinery, boilers, and mechanical appliances, happen for about two months annually, with the last export recorded in October 2022. The company’s website showcases a range of forklifts for sale and hire, alongside a selection of spare parts and accessories. It's clear they're trying to appeal to a wide range of customers, from those needing a single forklift to larger operations.

Financially, Forklift Hire & Sales Ltd presents a mixed picture. Accumulated depreciation on plant machinery has increased by 60%, while depreciation on vehicles has risen by 54%. Bank borrowings have decreased by 46%, a positive sign, but cash bank on hand has fallen by 16%. Creditors have also decreased slightly, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but a significant 37% increase in retained earnings and accumulated losses suggests a need for careful financial planning. The company’s accounts are unaudited, a common occurrence for small businesses, and the lack of auditor information further emphasizes this.

While the company has a solid foundation and a clear focus on forklift sales and service, the financial data suggests a need to monitor cash flow and manage expenses. The virtual address and irregular import/export patterns could also warrant further investigation, though they are not necessarily cause for concern.

Registered in England/Wales under the registration number 09265497, with a registered address at S63 7JZ, England, Rotherham, Silkstone House Pioneer Close, Wath-Upon-Dearne.

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