Pickerings Hire Limited

Pickerings Hire Ltd, based in Swadlincote, UK, is a large company holding a significant position in the temporary building hire sector. Founded 56 years ago in 1969, it employs 265 people and boasts assets of £35.2 million, with yearly revenue reaching £70.6 million. While it has a registered address, thirty eight companies are registered at the same address, suggesting a virtual address. The company is managed by six directors and owned by two individuals, with a solid 4.0 Google rating based on four reviews. It’s a regular importer of furniture, lighting, and prefabricated buildings, with 31 months of import activity, the last being in October 2024.

Pickerings Hire specialises in the rental of modular buildings, site accommodation, and associated equipment for various industries, including construction, education, and healthcare. Its website showcases a wide range of products, from basic welfare units to fully equipped site offices and even eco-friendly solutions with solar hybrid generators. The company offers a "Pickeringsplus" service, allowing customers to configure their own modular buildings using an online tool. It’s clear they are trying to make the process easy.

Financially, Pickerings Hire shows some interesting trends. While cash bank on hand increased significantly by 74% to £19 million, net assets increased by 31% to £130 million. However, net loss increased by 10% to £12 million. Creditors decreased by 14% to £11 million. Bank borrowings increased by 2.8% to £16 million. The company’s large employee count (meeting two of three criteria for a large company) suggests a robust operation. The lack of an auditor mentioned suggests the company is exempt from full auditing, relying on unaudited financial statements.

The rise in cash reserves is a positive sign, but the increased net loss and bank borrowings could indicate increased operational costs or investments in expansion. The company’s continued focus on modular building solutions and its online configuration tool suggests a commitment to innovation and customer convenience. It will be interesting to see how the company navigates the current economic climate and whether it can sustain its growth trajectory.

Registered in England/Wales under the registration number 00950139, with a registered address at DE12 7JP, Swadlincote, Derbyshire, Ashby Road, Measham.

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