J.e.g Hire Limited

Jeg Hire Ltd, based in Scarborough, UK, is a small, active company founded 15 years ago in 2009. With £15,655,860 in assets and a virtual address shared by twelve other companies, it’s a somewhat unusual setup. The business is run by three directors and a solo founder, Greenwood John Edward, and has a respectable Google rating of 4.0 based on four reviews. The company operates in the renting and leasing of machinery, equipment, and tangible goods, and is an irregular importer of vehicles, parts, and accessories – though only for a single month of imports recorded in 2022.

The company’s website, JEG Plant Ltd, specializes in used telehandlers, offering a range of Merlo and Manitou models for sale and hire. It operates an online store, showcasing various agricultural, construction, and heavy-lift telehandlers. The website highlights a family-owned business with roots in farming, now focused on supplying telehandlers to the UK and Europe. It even offers a WhatsApp contact option and encourages visits to its Yorkshire headquarters.

Financially, Jeg Hire Ltd presents a mixed picture. While current assets increased by a solid 36% to £16 million, net assets also rose by 19% to £22 million. However, cash reserves took a hit, falling 57% to £2.7 million. Bank borrowings disappeared entirely, a positive sign, but trade debtors grew by 16%, potentially indicating slower customer payments. Creditors also increased by 14%, and taxation payable decreased by 52%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the decrease in cash warrants attention. No auditor is mentioned, as it’s likely exempt due to its size. Overall, Jeg Hire Ltd seems to be holding its own, though it’s navigating a period of change and potentially facing some financial pressures.

Registered in England/Wales under the registration number 07090680, with a registered address at YO12 4NW, England, Scarborough, Roundabout Farm Spital Road, Staxton.

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