Industrial Truck Services Limited

Industrial Truck Services Limited, based in Ormskirk, UK, is a small, holding company with an active status. Established 24 years ago in 2000, the company employs 27 people and holds assets valued at £978,335. It’s managed by five directors and has one owner, and boasts a perfect 5.0 Google rating from nine reviews. The business operates as an irregular importer of machinery, boilers, and mechanical appliances—parts, with just one month of imports recorded as of September 2023. Conversely, it’s a regular exporter of the same goods, with three months of export activity as of June 2022.

The company’s website isn't available, so it’s difficult to ascertain the full scope of its operations beyond the import/export activities. It’s likely focused on supplying parts and equipment to industrial clients, but without a website, it’s hard to say for sure.

Financially, Industrial Truck Services Limited presents a mixed picture. Current assets have increased by a substantial 42%, reaching £980,000, which is a positive sign. However, bank borrowings have surged by a whopping 390%, reaching £940,000. This suggests the company may be leveraging debt to fuel growth or cover operational expenses. Cash reserves have fallen 71%, dropping to just £9,500, which is a concern. Creditors have also decreased significantly, by 83%, to £27,000, indicating improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in borrowings and decline in cash warrant close monitoring. As a small company, it's exempt from an audit, so the financial statements are unaudited.

Overall, Industrial Truck Services Limited seems to be growing, but it’s also taking on more debt. Whether it can sustain this level of borrowing remains to be seen.

Registered in England/Wales under the registration number 04070726, with a registered address at L40 8JR, England, Ormskirk, Qfs House Langley Road, Burscough Industrial Estate.

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