J. & M. Storage Systems Limited

J & M Storage Systems Ltd, based in Goole, UK, is a small, active holding company celebrating 40 years in business. Founded in 1985, it employs 22 people and holds assets worth £1,786,355. With five directors and two owners, the company maintains a real address and boasts a stellar 5.0 Google rating based on 27 reviews. It’s a regular importer of iron or steel products, with recent activity recorded in June 2024.

The company's website positions it as the UK’s largest stockholder of secondhand warehouse equipment. Operating from a 80,000 sq ft premises, J & M Storage Systems Ltd supplies longspan, pallet racking, steel shelving, and rack protection. They offer both new and used equipment, with delivery lead times of 3-5 working days for new and 7-10 days for used. The website also features a blog with articles on topics like choosing between new and used pallet racking, and selling used racking.

Financially, J & M Storage Systems Ltd presents a mixed picture. Cash bank on hand increased significantly by 110%, reaching £150,000, while current assets rose 15% to £1,800,000. However, net assets declined by 9.3% to £650,000, and bank borrowings increased by 130% to £78,000. Creditors also rose by 28% to £460,000, suggesting a need to manage debt. The company’s small size (meeting two of three conditions for being a small company) allows for flexibility, but the decrease in equity is a cause for some concern. There’s no auditor mentioned, which is common for small companies.

Overall, J & M Storage Systems Ltd appears to be a well-established business with a strong reputation, but it’s facing some financial headwinds. The company’s focus on secondhand warehouse equipment and its 40 years of experience should help it navigate these challenges, but careful management of debt will be crucial.

Registered in England/Wales under the registration number 01913962, with a registered address at DN14 0GH, Goole, Yorkshire, Unit 2 Northside Industrial Est, Whitley Bridge.

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