Smith Bros. Services Limited

Smith Bros Services Ltd, based in Penrith, UK, is a large, holding company with an active status, celebrating 43 years in business. Employing just eight people, the company holds substantial assets of £4,313,720 and generates a yearly revenue of £59,210,975. With three directors and one owner, and a stellar 5.0 Google rating from 18 reviews, the company regularly exports vehicles, parts, and accessories—the last operation occurring in September 01, 2024.

The company operates primarily as a truck dealer, buying and selling pre-owned vehicles. Its website showcases a wide range of trucks, including Scania, Mercedes-Benz, Volvo, and DAF models, catering to various needs with options like tractor units, rigids, tippers, and cranes. Customers can search by brand, type, mileage, age, and price, with detailed specifications and photos provided for each vehicle. The site also offers services like painting, wrapping, and custom builds, along with a dedicated section for WS Transportation and A.W. Jenkinson trucks. It’s clear that Smith Bros Services Ltd is a one-stop shop for commercial vehicle needs, with an emphasis on quality and customer service.

Financially, Smith Bros Services Ltd demonstrates some concerning trends. While current assets increased by 21%, administrative expenses jumped a significant 20%, and bank borrowings surged by 13%, indicating a need for more capital. Cash and cash equivalents decreased by 44%, which is a worrying sign. However, creditors decreased by 6.7%, suggesting improved debt management. The company’s large size (meeting two of three conditions for a large company) and substantial revenue highlight its market presence, but the declining cash reserves warrant closer monitoring. The accounts are audited, and the auditor is WR Partners. The company’s net assets have also increased by 17%, which is a positive sign. It’s possible that the increased administrative expenses are related to investments in the company’s online presence and marketing efforts, or perhaps a result of increased regulatory compliance.

Registered in England/Wales under the registration number 01585606, with a registered address at CA10 2EY, England, Penrith, Cumbria, Clifton Moor Farm, Clifton.

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