Street Cranexpress Limited

Street Cranexpress Limited, based in Sheffield, UK, is a large, active company founded fourteen years ago in 2010. Employing sixty-three people and holding £8,341,487 in assets, it operates as a holding company with a virtual address – ten companies registered at the same address. Five directors and one owner (though the list isn't exhaustive) manage the business, which also runs an e-commerce site and has a Google rating of 3.0 based on just four reviews. The company regularly imports optical and medical tools and devices, with the last import operation occurring three months ago in July 2023.

Street Cranexpress Limited specializes in the manufacture of lifting and handling equipment, as well as the repair of other equipment industries. It’s a large company, having met two of three conditions: turnover exceeding £36 million, a balance sheet total above £18 million, and more than 250 employees. The company’s website highlights its expertise in overhead crane maintenance, modernisation, and installation of new hoists, catering to a range of industrial clients.

Financially, Street Cranexpress Limited presents a mixed picture. Current assets grew by a modest 3.7% to £8,300,000, while net assets saw a significant boost, jumping 31% to £6,600,000. However, bank borrowings decreased by a substantial 73%, and staff costs increased by 21%. Director remuneration also rose by 53%, suggesting increased investment in leadership. The company’s cash reserves improved by 8%, reaching £5,300,000. It’s worth noting that deferred tax expenses increased by 65%, and the company's tax expense is 550,000. The company is audited by BHP LLP.

Overall, Street Cranexpress Limited appears to be a stable, albeit growing, business. While the increase in director remuneration and the rise in staff costs warrant further scrutiny, the company’s strong asset base and improving net assets suggest a healthy financial foundation. The company's virtual address, however, is something to consider.

Registered in England/Wales under the registration number 07434115, with a registered address at S9 1GL, England, Sheffield, 73 Tyler Street.

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