Premier Garage Equipment Limited

Premier Garage Equipment Ltd, based in Bedford, UK, is a small holding company with an active status, established seventeen years ago. Employing twenty-two people and holding assets of £889,958, the company operates from a real address and is overseen by three directors and one owner. It maintains a respectable Google rating of 4.0 based on ten reviews. The company is a regular importer of machinery, boilers, and mechanical appliances; parts, with 31 months of import activity recorded.

The company’s website showcases a broad range of services catering to the automotive industry. It’s not strictly an e-commerce site, but rather a service provider offering garage equipment sales, installation, and aftersales support, alongside industrial door solutions and liquid engineering services. The site details a comprehensive range of products, from vehicle lifts and workshop furniture to fume extraction systems and liquid storage solutions. The website also highlights a COVID-19 statement outlining strict health and safety protocols, demonstrating a commitment to employee and customer well-being.

Financially, Premier Garage Equipment Ltd presents a mixed picture. Cash bank on hand has declined significantly by 48%, dropping to £120,000. Trade debtors have increased by 30%, reaching £770,000, which could indicate a growing customer base but also potential payment delays. Creditors have also risen, increasing by 35% to £320,000, and finance lease liabilities have decreased by 21%. While net assets have decreased slightly, falling to £450,000, the company’s small size – meeting two of three conditions for classification – allows for agility. No auditor is mentioned, as is typical for small companies. The decrease in inventories to zero is notable, and it’s unclear if this is a temporary situation or a shift in business strategy. The company’s reliance on retained earnings, which have also decreased, suggests it’s not consistently generating profits.

Registered in England/Wales under the registration number 06485021, with a registered address at MK43 9NX, England, Bedford, Bedfordshire, Unit 11 Broadmead Road, Stewartby.

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