Gwent Mechanical Handling Limited

Gwent Mechanical Handling Ltd from Risca, UK, is a small, active company founded 39 years ago. Employing 18 people and holding assets of £968,956, it operates from a real address and is managed by three directors and a solo founder. The company boasts a perfect 5.0 Google rating based on two reviews and is an irregular importer of electrical machinery and equipment, with the latest import occurring in June 2023.

The company’s website reveals it’s a multi-award-winning forklift truck company, primarily focused on sales, repair, maintenance, and hire of forklift trucks. It’s the main distributor for STILL, EP, and Bobcat forklifts, offering a wide range of services, from new forklift sales to used equipment, racking, and telehandlers. The website also highlights a commitment to quality, with ISO 9001, 14001, and 45001 certifications, and even features case studies showcasing how they helped Aldi reduce fuel costs. They also offer financing options and site surveys.

Financially, Gwent Mechanical Handling Ltd shows some interesting trends. Cash bank on hand increased significantly by 75%, reaching £480,000, while current assets grew by 13% to £970,000. However, net assets only increased by 6%, reaching £940,000. Trade debtors remained steady, but total inventories dropped by 38% to £170,000. Bank borrowings increased, and creditors also rose, suggesting the company is taking on more debt. The company meets the criteria for a small business, with turnover under £10.2 million and fewer than 50 employees. No auditor is mentioned, likely due to the company’s small size and exemption from audit.

Overall, Gwent Mechanical Handling Ltd appears to be a stable, well-established business, but the increase in debt and decrease in inventories should be monitored. The company’s focus on quality and customer service, along with its strong brand reputation, should help it navigate any future challenges.

Registered in England/Wales under the registration number 02003530, with a registered address at NP1 6NP, Risca, Gwent, Pontymister Industrial Estate, Pontymister.

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