Higgins (plant Hire) Limited

Higgins Plant Hire Ltd from Birmingham UK: a small, family business active for 58 years, was founded in 1966. With just seven employees and £6,175 in assets, it’s a modest operation run by two directors and owners. The company boasts a perfect 5.0 Google rating from six reviews. They regularly import live trees, plants, bulbs, roots, and flowers – about six months worth, with the last import happening in November 2024.

The company’s website highlights its comprehensive plant hire and construction services, serving clients from its Birmingham head office and a Worcestershire depot. They cater to demolition contractors, ground remediation specialists, civil engineers, and residential/commercial builders, offering a modern fleet of equipment from reputable brands like Caterpillar, Doosan, and JCB. They even offer 24/7 coverage and generations of experienced operators. Their website also features contact numbers, a quote request form, and links to their social media pages.

Financially, Higgins Plant Hire Ltd shows some concerning trends. While cash reserves fell by a significant 72% to just £2,600, creditors increased by a whopping 190% to £29,000. Trade debtors also plummeted by 91%, suggesting difficulties in collecting payments. However, bank borrowings decreased by 77%, and depreciation on plant and machinery remained stable. The company’s small size (meeting two of three criteria for a small company) helps with agility, but the drop in equity – 9.8% - raises questions. With no auditor mentioned, the figures are unaudited.

It seems like Higgins Plant Hire Ltd is facing some financial headwinds, despite its strong reputation and long-standing presence in the industry. Whether this is a temporary setback or a more persistent challenge remains to be seen, but they’re clearly working to maintain their services and client base.

Registered in England/Wales under the registration number 00886469, with a registered address at B38 0DN, England, Birmingham, Unit 1 Packhorse Lane, Kings Norton.

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