Power Logistics Services Limited

Power Logistics Services Ltd, based in Trowbridge, UK, is a small, family-run business with an active status. Founded fifteen years ago in 2009, the company employs 29 people and holds £2,487,798 in assets. Operating from a virtual address – with 39 other companies registered at the same location – it’s managed by six directors and two owners. The company boasts a stellar 5.0 Google rating based on eleven reviews. Power Logistics is an irregular importer, specializing in machinery, boilers, and mechanical appliances, with its last import operation occurring in May 2024.

The company’s website paints a picture of a global leader in temporary event power. It offers equipment rental, mechanical and electrical services, and specializes in providing power solutions for concerts, festivals, exhibitions, and sporting events. They emphasize sustainability, highlighting their use of battery storage, solar power, and hydrogen fuel cells – even deploying methanol-fueled hydrogen fuel cells. The site showcases a commitment to innovation, mentioning awards and accreditations, and even has a careers page.

Financially, Power Logistics shows some concerning trends. While average employee numbers increased by 24% to 36, cash reserves plummeted 57% to £1.3 million. Bank borrowings decreased by 26% to £460,000, but bank overdrafts remained steady. Creditors also decreased, suggesting better debt management, however, net assets dropped significantly by 41% to £960,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the substantial equity decline warrants attention. The lack of a named auditor (likely exempt as a small company) means the figures are unaudited. Overall, Power Logistics appears to be facing some financial headwinds, despite its strong reputation and commitment to sustainable practices.

Registered in England/Wales under the registration number 07106796, with a registered address at BA14 7FJ, England, Trowbridge, Wiltshire, County Gate, County Way.

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