Think Hire Ltd

Think Hire Ltd, based in Oldham, UK, is a small holding company with an active status, established six years ago in May 2018. The company employs 24 people and holds assets totaling £3,138,609. It operates from a real address and is overseen by five directors and one owner. Think Hire Ltd is an irregular importer and exporter of electrical machinery and equipment, with recent activity recorded over the last two months.

The company's primary focus is renting and leasing construction and civil engineering machinery and equipment, as evidenced by its website. Think Hire operates a range of services, including solar hybrid generators, battery storage units, and mobile welfare units, catering to sectors like construction, rail, and waste water. It also offers site lighting, environmental control solutions, and fuel/water tanks. The website highlights a commitment to renewable energy and environmentally friendly practices, with many assets incorporating clean energy sources.

Financially, Think Hire Ltd's figures present a mixed picture. While current assets increased by a respectable 36% to £3.1 million, net assets have fallen by 11% to £790,000. Bank borrowings have risen significantly by 52%, reaching £1.4 million, and cash reserves have decreased by 40% to £86,000. Creditors have also increased by 22%, suggesting a greater reliance on short-term financing. The number of employees has increased by 75%, to 42, which could be a sign of expansion or increased workload. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in equity warrants closer attention. The financial statements are unaudited, and no auditor is mentioned.

Registered in England/Wales under the registration number 11375414, with a registered address at OL9 8EU, England, Oldham, Waldron House Drury Lane, Chadderton.

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