Truckeast Limited

Truckeast Limited, based in Bury St. Edmunds, UK, is a large, holding company with an active status, celebrating 32 years in business. Employing 386 people and boasting assets of £52,777,731, the company generated a yearly revenue of £159,438,245. It operates as a regular importer and exporter of vehicles, parts, and accessories (excluding trains and trams), with 15 months of import activity and 4 months of export activity recorded. The company has six directors and one owner.

Truckeast Limited’s core business revolves around the retail of new and used Scania vehicles, alongside repair and servicing of heavy vehicles and the sale of Scania parts. The company also operates a separate division, Truckeast Used Vehicles, which specializes in selling quality used trucks. This division emphasizes a wide selection of vehicles, thorough checks, and 30 years of industry experience from its sales team. The company's website highlights its commitment to customer satisfaction, showcasing testimonials and news about awards and milestones.

A review of Truckeast Limited’s financials reveals some interesting trends. While current assets increased by 25% to £53 million, net assets declined by 17% to £68 million. Bank borrowings surged by 30% to £49 million, while cash reserves decreased by 14% to £5.6 million. Creditors also increased by 29% to £49 million. The company's large size (meeting two of three criteria for a large company: turnover over £36 million, balance sheet over £18 million, and over 250 employees) allows for economies of scale, but the decline in net assets suggests potential challenges. Accumulated amortisation and impairment of intangible assets decreased significantly, and depreciation expense increased, which could indicate investments in new equipment or facilities.

The company’s financial statements are unaudited, and the auditor is not mentioned, which is common for companies of this size. The increase in bank borrowings and decrease in cash reserves might indicate a period of expansion or investment, but it’s also worth noting that the company’s creditors have increased substantially. The company’s focus on Scania vehicles and its commitment to quality service position it well in the market, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 02771432, with a registered address at MK15 8HB, England, Milton Keynes, Delaware Drive, Tongwell.

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