Robert Purvis Plant Hire Limited

Robert Purvis Plant Hire Limited, based in Lochgelly, UK, is a holding company with a solid 44-year history, currently employing 148 people. The company boasts £5,529,129 in assets and maintains a perfect 5.0 Google rating based on 48 reviews. It's a regular importer, with its top import category being machinery, boilers, and mechanical appliances; parts, totaling 14 months of imports. The company is managed by six directors and has one owner, though the list of owners was changed nine years ago.

The company’s core business involves renting and leasing of machinery, equipment, and tangible goods. It operates from a virtual address, with twelve companies registered at the same address. The company is registered in Scotland with the registration number SC071830.

While the company’s website doesn’t explicitly detail e-commerce activities, it showcases a diverse range of plant and machinery hire services. The company’s website is well-designed and easy to navigate.

Financially, Robert Purvis Plant Hire Limited shows some concerning trends. Current assets decreased by 11%, dropping to £5,500,000. Bank borrowings surged by 94%, reaching £110,000, and cash reserves fell 60%, down to £590,000. However, creditors decreased by 14%, suggesting improved debt management. The company’s dividend policy includes interim and final equity dividends, recognised when legally payable. The company’s net losses deepened, though the exact figure isn’t provided. The company’s auditor is Sumer Auditco Limited.

The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. It’s likely that the company is facing increased costs, perhaps due to inflation or supply chain issues. The surge in bank borrowings suggests that the company is relying on debt to finance its operations.

Registered in Scotland under the registration number SC071830, with a registered address at KY5 9HG, Scotland, Lochgelly, New Thistle House, The Avenue.

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