North Equipment Ltd

North Equipment Ltd, based in Winchester, UK, is a small, active company founded ten years ago in 2014. With four employees and £438,499 in assets, it operates from a virtual address – a fact highlighted by the presence of seventy-nine other companies registered at the same location. The company is run by two directors and a solo founder, with Robin James Samuel owning the business.

The company specializes in the rental and sale of piling equipment, with a strong focus on drilling rigs. Its website details a range of services, including short and long-term rig rentals, used equipment sales, and repair services. It even offers to purchase used rigs for resale in overseas markets. The business is a regular importer of machinery, boilers, and mechanical appliances, parts, with eighteen months of import activity recorded. It also exports these items, with four months of export activity. The company’s website also mentions a partnership with Comacchio, showcasing their equipment at exhibitions.

Financially, North Equipment Ltd presents a mixed picture. Current assets have decreased by 20% to £440,000, while net assets have fallen by 13% to -£210,000. Bank borrowings have decreased by 46%, and cash reserves remain steady at £45,000. Trade debtors have plummeted by 68%, which could indicate improved collection practices, or perhaps a slowdown in sales. The company meets the criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The accounts are unaudited, a common occurrence for small companies. The decrease in average number of employees from four to two is a noticeable change. It’s likely that the company is experiencing some financial pressure, but its niche focus on piling equipment and its established relationships with manufacturers like Comacchio could provide a foundation for future growth.

Registered in England/Wales under the registration number 09085655, with a registered address at SO23 7NG, United Kingdom, Winchester, Hampshire, Tremain House 8 Maple Drive, Kings Worthy.

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