Piling Equipment Ltd

Piling Equipment Ltd, based in Warminster, UK, is a small holding company with an active status, established 17 years ago. Employing 14 people and holding £1,670,112 in assets, it operates from a real address and is overseen by three directors and two owners. The company regularly imports and exports machinery, boilers, and mechanical appliances, with a strong focus on parts—29 months of imports and 25 months of exports recorded.

The company’s website showcases a diverse collection of new and used piling rigs and drilling equipment, catering to both UK hire and international sales. It positions itself as a specialist in equipment sourcing, offering a wide range of options and services, including workshop services, equipment transport, and expert advice. The site also highlights a commitment to rapid response and qualified engineers, emphasizing its ability to provide comprehensive support to clients.

Financially, Piling Equipment Ltd presents a concerning trend. Over the reporting period, cash bank fell dramatically by 83%, dropping to £500,000. Net assets also took a significant hit, decreasing 74% to £770,000. While creditors saw a slight reduction, the substantial drop in cash and equity suggests the company is burning through money. Trade debtors increased by 36%, which could indicate difficulties in collecting payments. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the financial pressures are evident. With no auditor mentioned, the figures are unaudited. The company’s financial health is something to keep an eye on.

Registered in England/Wales under the registration number 06377344, with a registered address at BA12 8BT, Warminster, Wiltshire, Solutions House Centurion Way, Crusader Park.

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