Wr Material Handling Ltd

Wr Material Handling Ltd, based in Grimsby, UK, is a small, active company established 22 years ago. Employing 19 people, the business holds £1,365,969 in assets and operates from a real address. It's a solo-founded operation managed by one director and owner, Pearce Michael Andrew, and maintains a stellar 5.0 Google rating based on two reviews. The company regularly imports electrical machinery and equipment, with recent activity recorded just two months ago.

The business focuses on wholesale of other machinery and equipment, renting and leasing of machinery, and offering forklift training and repair services, as detailed on its website. It appears to operate primarily as a service provider, offering repair, rental, and training solutions for forklifts. The website showcases a range of services, including forklift repair, rental packages, and maintenance programs, catering to businesses in North East Lincolnshire. It also features testimonials from satisfied customers praising the company’s expertise and responsiveness.

Financially, Wr Material Handling Ltd presents a mixed picture. While net assets increased by 17% to £810,000, cash reserves saw a healthy 19% jump to £660,000. However, bank borrowings decreased by 45%, reaching £22,000, and trade debtors increased by 9.4%, suggesting a possible reliance on customer payments. Creditors also rose by 34%, to £34,000. The company’s small size—meeting two of three conditions for being considered small—allows for agility, but the fluctuations in debt management are worth noting. The company is exempt from an audit, and the figures are unaudited.

Overall, Wr Material Handling Ltd seems to be a stable, well-regarded business, but the financial data indicates some potential challenges in managing its debt and receivables.

Registered in England/Wales under the registration number 04618528, with a registered address at DN31 2TG, Estate Grimsby, North East Lincolnshire, Unit 4 Estate Road No 8, South Humberside Industrial.

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