Thompsons Plant Hire Limited

Thompsons Plant Hire Ltd, based in Maryport, UK, is a substantial player in the plant hire and associated services sector. Founded 30 years ago in 1994, the company has grown to employ 80 people and holds assets valued at £4,091,003. With a real address and three directors alongside a solo founder and owner, the business enjoys a stellar 5.0 Google rating from 14 reviews. The company is active and operates from a real address with only two other companies registered there.

The company’s website showcases a diverse range of services, including transport, plant hire, shredding, chipping, and quarrying. It’s clear that Thompsons Plant Hire Ltd caters to a variety of industries, from forestry and mining to waste disposal and construction. The website highlights over 15 years of experience and emphasizes a skilled team capable of handling demanding projects. A recent addition to the fleet, including new Scania tractor units and a DAF rigid, suggests ongoing investment in equipment.

Financially, Thompsons Plant Hire Ltd presents a mixed picture. While cash bank on hand increased by a significant 27% to £1.9 million, net assets only grew by 8.7% to £7.6 million. Bank borrowings decreased by a considerable 68%, and creditors also fell by 18%, indicating improved debt management. However, staff costs remained constant, and depreciation costs decreased by 11%, which could signal reduced investment in new equipment. The company's size—meeting two of three criteria for a large company—suggests it’s a substantial operation. The accounts were audited by Armstrong Watson Audit Limited.

The company’s irregular import activity, primarily focused on machinery, boilers, and mechanical appliances, with the last import operation occurring two months ago, could be a source of both opportunity and risk. The decrease in deferred tax expense credit is a notable change. Overall, Thompsons Plant Hire Ltd appears to be a stable, well-established business, but the financial data indicates some challenges in maximizing profitability.

Registered in England/Wales under the registration number 03003391, with a registered address at CA15 8PD, England, Maryport, Cumbria, Risehow Industrial Estate, Flimby.

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