North East Plant Limited

North East Plant Limited, based in Stretton On Dunsmore, UK, is a large holding company with an active status. Founded eight years ago in 2016, the company employs just two people and holds assets totaling £9,298,682. Its yearly revenue is a substantial £14,885,463, and it maintains a real address with eight other companies registered at the same location. The company is led by one director and one owner, and boasts a stellar 5.0 Google rating from four reviews. It's an irregular importer, with its top category being machinery, boilers, and mechanical appliances; parts, with recent imports recorded two months ago in December 2023.

The company operates in the renting and leasing of construction and civil engineering machinery and equipment industries. It’s a large company as it met two conditions of three: turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The company is owned by Frank Solutions Ltd, and Hughes Patrick Joseph is the director.

Financially, North East Plant Limited shows some concerning trends. While cash bank on hand increased by a significant 230% to £160,000, accrued liabilities jumped 150% to £20,000. A more worrying sign is the 120% increase in plant and machinery, reaching £12 million, alongside a 100% increase in total assets, now at £13 million. However, the company's net assets decreased by 6.5% to £9 million. Bank borrowings have decreased, which is a positive, but the significant increase in creditors—ballooning by 380% to £11 million—suggests the company is relying more heavily on credit. The company’s turnover increased by a substantial 160% to £15 million, which is a good sign, but the losses also increased. The accounts are audited, and Flint & Thompson served as the auditor.

Overall, North East Plant Limited seems to be growing quickly, but it’s burning through cash and relying on credit. Whether this is a temporary phase or a longer-term challenge remains to be seen, but the company's large asset base and high revenue provide a solid foundation for future growth.

Registered in England/Wales under the registration number 10136504, with a registered address at CV23 9JA, United Kingdom, Stretton On Dunsmore, Oil Depot, 242 London Road.

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