S.porretta & Sons Limited

S.Porretta & Sons Ltd: a small, active company founded 77 years ago, employs 31 people, and holds £1,859,156 in assets. Based in Coventry, it's a family-run business with five directors and one owner, boasting a stellar 5.0 Google rating from 40 reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances—parts, with its last import operation in December 2023.

The business operates as a trucking company, providing general haulage, crane hire, and specialized transport services across the UK. Its website highlights a diverse fleet, ranging from 3.5T flatbeds to 66T crane lorries, catering to a wide range of industries, including construction, events, and timber. They offer services like site surveys, lift plans, and handling of abnormal loads, with a focus on safety and compliance—holding certifications like FORS Gold and CLOCS. The company also provides EKFB HS2 trained drivers and vehicles.

Financially, S.Porretta & Sons Ltd shows some interesting trends. Current assets increased by 7.3% to £1.9 million, while net assets grew by 2.4% to £2.7 million. However, bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £1.1 million. Trade debtors also increased significantly, by 22% to £640,000. Creditors decreased by 18%, suggesting better debt management. 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 remain agile, but the increase in borrowing raises questions about its financial health. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. The company’s long history and positive customer reviews suggest a resilient business, but it’s important to monitor its borrowing levels and cash flow closely.

Registered in England/Wales under the registration number 00436905, with a registered address at CV6 3BU, 274 Radford Road, Coventry.

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