Psr Hire Ltd

PSR Hire Ltd, based in Halstead, UK, is a small, active company founded thirteen years ago. With four employees and £335,168 in assets, it operates from a real address and is overseen by one director and owner. The company’s core business revolves around providing supercar driving experiences across the UK.

PSR Experience, as it’s known, caters to a wide range of budgets, offering packages from individual supercar drives to all-inclusive gifts. The company boasts 22 venues nationwide, from Anglesey in Wales to Dunsfold Circuit in Surrey, and offers a variety of vehicles, including McLarens and Mustangs. The website prominently features Klarna payment options and emphasizes its position as the highest-rated supercar driving experience provider on Facebook. It seems they’re really pushing the gift-giving aspect, with numerous calls to action encouraging customers to "redeem voucher" and "buy a gift voucher."

Financially, PSR Hire Ltd’s picture is a bit mixed. While current assets increased by a substantial 150% to £340,000, net assets actually decreased by 91% to just -£21,000. Bank borrowings have also increased significantly, up 49% to £690,000, and cash reserves have plummeted 74% to a mere £10,000. Creditors have also increased by 43% to £620,000. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the sharp decline in equity is a cause for concern. The company is exempt from an audit, so these figures are unaudited.

The significant increase in bank borrowings, alongside the drop in cash reserves, suggests PSR Hire Ltd may be burning through cash to fuel its operations. The rise in creditors also indicates potential challenges in managing short-term liabilities. It’s possible that the company is investing heavily in marketing or expanding its fleet of supercars, but the financial data paints a picture of a business facing some financial pressures.

Registered in England/Wales under the registration number 07737263, with a registered address at CO9 4LS, England, Halstead, Toppesfield Hall Farm Great Yeldham Road, Toppesfield.

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