Multi-hire Power Tools Limited

Multi Hire Power Tools Ltd, based in Warrington, UK, is a small, active company celebrating 40 years in business. Founded in 1985, it employs 19 people and holds assets valued at £923,046. The company operates from a real address and is managed by two directors, though there are no officially listed owners. It runs an e-commerce site and enjoys a stellar 5.0 Google rating from 67 reviews. Regular imports of machinery, boilers, and mechanical appliances—parts—have been recorded for 23 months, with the latest import occurring in November 2024.

The company’s website showcases a focus on flooring equipment hire, operating nationwide. It offers both rental and sales of equipment, including grinders, polishers, and cutting tools, catering to the construction and flooring industries. A strong emphasis is placed on customer service, with a dedicated “Trade Signup” section and a focus on advice and support. The website also features a range of chemicals and accessories, alongside a blog with topics and videos.

Financially, Multi Hire Power Tools Ltd presents a mixed picture. Bank borrowings have decreased by 17% to £660,000, while cash reserves have fallen significantly by 72% to £9,400. Trade creditors have increased by 59%, reaching £280,000, and net assets have decreased by 4.3% to £390,000. Despite these challenges, the company’s small size—meeting two of three criteria for a small company—allows for flexibility. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements.

The company’s focus on specialized equipment and strong online presence suggests a niche market strategy. However, the declining cash reserves and increasing trade creditors indicate potential financial strain. Whether the company can sustain its growth and profitability remains to be seen—but its long-standing presence and positive customer reviews offer a foundation for future success.

Registered in England/Wales under the registration number 01895660, with a registered address at WA4 1HN, Road, Warrington, Cheshire, Black Bear Bridge, Knutsford.

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