Hewitson Plant Hire Limited

Hewitson Plant Hire Ltd, based in Stockton-On-Tees, UK, is a large company holding a significant position in the construction equipment sector. Established fifteen years ago, in 2010, it employs thirty-seven people and boasts assets totaling £3,411,423. The company generates a substantial revenue of £12,194,841 annually, operating as both a regular importer and exporter of machinery, boilers, and mechanical appliances, including parts. It’s a holding company with three directors and one owner, and its registered address is real, with only seven companies registered at the same location.

The company’s core business revolves around specialized construction activities, and its website, though not detailed, suggests a focus on plant hire and related services. There's no obvious e-commerce presence, indicating a business-to-business model rather than direct sales to consumers.

Financially, Hewitson Plant Hire Ltd presents a mixed picture. While turnover is impressive, several key metrics show concerning trends. Net assets have decreased by 17%, dropping to £2,900,000, and bank borrowings have increased by 48%, reaching £78,000. Creditors have also risen by 28%, indicating potential challenges in managing short-term liabilities. However, cash and bank balances have improved by 25%, suggesting some liquidity. The company’s large size (meeting two of three criteria for a large company) indicates a robust operation, but the increase in borrowings and decrease in net assets warrant closer scrutiny. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements.

The rise in administrative expenses by 6.8% could be a sign of increased overheads, while the decrease in director remuneration to zero is a curious detail. Overall, Hewitson Plant Hire Ltd appears to be a sizable player in its market, but the recent financial trends suggest it's navigating a period of financial pressure, perhaps due to increased costs or changes in market conditions.

Registered in England/Wales under the registration number 07136718, with a registered address at TS16 0QH, England, Stockton-On-Tees, Teesside Grange, Eaglescliffe.

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