M & R Tool Hire Ltd

M & R Tool Hire Ltd, based in Brighton, UK, is a small, active company established six years ago. With 34 employees and £2,175,625 in assets, it operates from a real address at Unit 2 Woodingdean Business Park. The company is overseen by six directors and owned by Deol Michael and Webb Robert. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with recent import activity recorded just two months ago.

The company’s website, accessible through Companies House, primarily serves as a directory listing, offering basic company information and links to related services. It doesn't appear to be an e-commerce platform, instead functioning as a resource for finding and updating company details. Cookies are used for analytics, and users are given the option to accept or reject them.

Financially, M & R Tool Hire Ltd shows a mixed picture. Accumulated depreciation on leased assets has increased significantly, with a 20% rise across several categories, including motor vehicles and plant machinery. Bank borrowings have decreased by a substantial 39%, indicating improved liquidity. However, net assets have fallen by a considerable 54%, dropping to £670,000. Cash reserves have increased by a healthy 180%, reaching £320,000. Creditors have also decreased by 29%, suggesting better debt management. The company’s small size, meeting two of three criteria for being classified as small, helps it remain flexible. The lack of a named auditor suggests the company is exempt from an audit due to its size.

Overall, M & R Tool Hire Ltd appears to be navigating a period of change. While the company's cash position is strong, the decline in net assets warrants attention. The decrease in bank borrowings is a positive sign, but the increasing depreciation expenses could signal a need for investment or maintenance of existing equipment. The company's irregular import activity and reliance on leased assets suggest a business model that may be sensitive to external factors.

Registered in England/Wales under the registration number 11433365, with a registered address at BN2 6NX, United Kingdom, Brighton, East Sussex, Unit 2 Woodingdean Business Park, Sea View Way.

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