Hodge Plant Limited

Hodge Plant Limited, based in Hamilton, Scotland, is a large company with an active status, having been founded 24 years ago in 2000. Employing 36 people, the company boasts significant assets of £9,394,686 and generates yearly revenue of £11,412,885. With two directors and a solo founder, Hodge Alastair, at the helm, the company maintains a real address and enjoys a respectable Google rating of 4.0 based on 12 reviews. Hodge Plant regularly imports and exports machinery, boilers, and mechanical appliances, parts, with import activity spanning four months and export activity spanning eleven months.

The company’s website highlights its role as a construction equipment supplier in Hamilton, Scotland. Hodge Plant Limited is a private limited company registered in Scotland, and it’s clear that the business is focused on plant hire and sales of capital plant, and even operates a hard rock quarry.

Financially, Hodge Plant Limited shows some concerning trends. While turnover remained steady at £11 million, net assets decreased by 13% to £9.4 million. Cash bank on hand experienced a dramatic drop of 61%, falling to £570,000. Bank borrowings increased, and creditors decreased, suggesting a shift in payment terms. Despite these challenges, the company’s average number of employees increased slightly, rising 8.3% to 39. The company’s depreciation expense for property, plant, and equipment decreased, and the director feels that this revised depreciation rate better reflects the useful lives of the assets. The company is audited by Consilium Audit Limited.

These numbers suggest that Hodge Plant Limited is navigating a period of change, potentially driven by increased operating expenses or investments in new equipment. The decrease in cash reserves, coupled with the increase in bank borrowings, indicates a need for careful financial management. It’s possible that the company is expanding its operations or facing increased competition, leading to these shifts in financial performance.

Registered in Scotland under the registration number SC208669, with a registered address at ML3 0ED, Scotland, Hamilton, Lanarkshire, Unit 21 Whistleberry Industrial Estate.

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