Versatile Equipment Limited

Versatile Equipment Ltd, based in Chatham, UK, is a sizable company operating as a holding entity with an active status. Established 22 years ago in 2003, it employs 36 individuals and manages assets totaling £8,051,661. The company generates yearly revenue of £17,783,688, though it utilizes a virtual address, raising some questions. Two directors and one owner oversee the operations, and it currently holds a 3.0 Google rating based on a single review. The company regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 440 months of import activity and 36 months of export activity recorded.

The company's website suggests a focus on renting and leasing construction and civil engineering machinery, as well as acting as agents for machinery sales. It appears to be primarily a B2B operation, targeting industries like construction, industrial equipment, and even aircraft. While there’s no direct evidence of e-commerce, the website’s professional design and detailed product descriptions indicate a deliberate effort to showcase its offerings.

Financially, Versatile Equipment Ltd presents a mixed picture. While turnover remained relatively stable, several key metrics have shifted. Depreciation impairment property plant equipment decreased by 18%, which could indicate a focus on asset management or a change in equipment usage. However, administrative expenses rose by 9.6%, potentially reflecting increased operational costs. Cash bank on hand fell by 27%, which could be a concern, and net assets decreased by 3.1%. Borrowings from group undertakings increased significantly, by 96%, which suggests a reliance on external funding.

Interestingly, the company’s staff numbers decreased slightly, from 36 to 33, which could be a response to the changing financial landscape. The lack of an auditor mentioned suggests the company is exempt, meaning the financial statements are unaudited. Overall, Versatile Equipment Ltd seems to be navigating a period of adjustment, with some positive trends offset by concerns about cash flow and rising costs. It’s a sizable operation, but its future success will likely depend on its ability to manage expenses and secure continued funding.

Registered in England/Wales under the registration number 04639625, with a registered address at ME4 6AE, England, Chatham, 1 - 3 Manor Road.

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