Westexe Forklifts Limited

Westexe Forklifts Ltd from Exeter UK: a large company, holding company, active status, founded 18 years ago, 58 employees, £4,048,807 assets, yearly revenue: £10,735,859, real address, 3 directors, 1 owner, google rating 5.0 based on 20 reviews. Irregular importer of machinery, boilers, and mechanical appliances; parts (1 months imported). Regular exporter of machinery, boilers, and mechanical appliances; parts (7 months exported).

Westexe Forklifts Ltd is a well-established forklift supplier and hire company operating throughout the South West of England. It’s a sizable business, classified as a holding company with 58 employees and substantial assets of £4,048,807. The company reports an annual revenue of £10,735,859, demonstrating a healthy turnover. With a Google rating of 5.0 from 20 reviews, Westexe Forklifts clearly prioritises customer satisfaction.

The company’s operations are diverse, encompassing the sale, hire, and maintenance of forklifts and other heavy vehicles. They also run Westexe Direct, an online shop offering a comprehensive range of materials handling equipment, from stackers and pallet trucks to racking and shelving. Furthermore, they have a division specializing in pallet storage and even a presence in the high-end piano restoration market through a separate entity. Westexe AUSA Heavy Hire and Westexe Balers are also part of the group.

Financially, Westexe Forklifts shows some interesting trends. While turnover remained strong, assets decreased by 13% to £4,048,800. Bank borrowings decreased by 18% to £460,000, which could indicate improved cash flow management. However, the company’s net assets decreased by 5.5% to £4,000,000. The company’s turnover has decreased by 12% to £11,000,000. Despite this, the company’s profit has decreased significantly by 65% to £310,000. The company has increased its number of employees by 12% to 65. The company’s auditors, Thompson Jenner LLP, have given a true and fair view of the company.

Westexe Forklifts’ irregular import activity, focusing on machinery parts for just one month of the year, contrasts with its consistent export operations spanning seven months. This suggests a strategic approach to sourcing and distribution, with a focus on serving both domestic and international markets. The company’s large number of creditors, increasing by 35%, could be a sign of growth and expansion, but also a potential risk if not managed effectively.

Registered in England/Wales under the registration number 06146186, with a registered address at EX5 1EW, England, Exeter, Devon, Unit 52 Greendale Business Park, Woodbury Salterton.

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