Heavy Plant Services Ltd

Heavy Plant Services Ltd, based in Rugeley, UK, is a small, active company founded eight years ago. With four employees and £267,146 in assets, it’s a modest operation run by two directors and owners, with a solo founder at the helm. The company holds a respectable 4.0-star Google rating from just three reviews. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with its last import activity recorded one month ago in September 2022.

The company’s website highlights its focus on heavy plant repair and maintenance services in the West Midlands. It offers a range of services, from on-site bore welding and hydraulic cylinder hose repairs to excavator bucket fabrication. The website also showcases a sales and hire division for hydraulic systems and excavators. It’s clear the business caters to the quarrying and construction industries, emphasizing speed and efficiency in its service delivery.

Financially, Heavy Plant Services Ltd presents a mixed picture. Current assets have fallen by 28% to £270,000, while net assets have also declined by 9.8% to £24,000. Bank borrowings have remained stable, but cash reserves have dropped significantly by 55% to £31,000. Creditors have decreased by 29%, which is a positive sign, but the drop in cash reserves and net assets suggests the company is burning through money. The company meets two of the three criteria to be considered small, with turnover below £10.2 million, assets below £5.1 million, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

The company’s focus on specialized repair services and its physical location near a major transport hub could be a strength, but the financial data indicates a need to manage cash flow more effectively. The company’s reliance on a small number of reviews online also means its reputation is vulnerable.

Registered in England/Wales under the registration number 10598095, with a registered address at WS15 3HA, United Kingdom, Rugeley, Staffordshire, Trent Valley Station, Station Road.

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