About Hiremech
Hiremech is a company based in Tottenham (United Kingdom) founded in 1994 was acquired by Briggs Equipment in January 2019.. The company has 49 employees as of September 30, 2017. Hiremech offers products and services including Forklift Hire, Forklift Sales, Servicing and Maintenance, and Training Courses. Hiremech operates in a competitive market with competitors including United Rentals, EquipmentShare, LOXAM, Sunbelt Rentals and Riwal, among others.
- Headquarter Tottenham, United Kingdom
- Employees 49 as on 30 Sep, 2017
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Hiremech Limited
- Date of Incorporation 22 Sep, 1998
- Jurisdiction CANNOCK, ENGLAND
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Annual Revenue
$12 M (USD)7as on Dec 31, 2020
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Net Profit
$480.78 K (USD)16as on Dec 31, 2020
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
49
as on Sep 30, 2017
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Acquired by
Briggs Equipment
(Jan 04, 2019)
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Products & Services of Hiremech
Hiremech offers a comprehensive portfolio of products and services, including Forklift Hire, Forklift Sales, Servicing and Maintenance, and Training Courses. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers short-term and long-term forklift rentals for business operations
Provides new and used forklifts for purchase by companies
Delivers inspections and repairs for forklift equipment
Conducts forklift operation and safety training programs
Funding Insights of Hiremech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hiremech
Hiremech has secured backing from 1 investor. Prominent investors backing the company include Briggs Equipment. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hiremech
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hiremech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hiremech Comparisons
Competitors of Hiremech
Hiremech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as United Rentals, EquipmentShare, LOXAM, Sunbelt Rentals and Riwal, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Heavy equipment is rented via an online platform.
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| domain | founded_year | HQ Location |
Equipment rental marketplace and digital tools for construction are offered.
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| domain | founded_year | HQ Location |
Online platform for equipment rental and project support
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| domain | founded_year | HQ Location |
Construction and industrial equipment is rented across North America.
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| domain | founded_year | HQ Location |
Aerial work equipment is rented online via Riwal's platform.
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| domain | founded_year | HQ Location |
Industrial and construction equipment rentals are facilitated online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hiremech
Frequently Asked Questions about Hiremech
When was Hiremech founded?
Hiremech was founded in 1994.
Where is Hiremech located?
Hiremech is headquartered in Tottenham, United Kingdom. It is registered at Tottenham, Greater London, United Kingdom.
How many employees does Hiremech have?
As of Sep 30, 2017, the latest employee count at Hiremech is 49.
What is the annual revenue of Hiremech?
Annual revenue of Hiremech is $12M as on Dec 31, 2020.
What does Hiremech do?
Hiremech was established in 1994 in Tottenham, United Kingdom. An online platform is maintained for renting and selling used industrial equipment, such as electric, gas, and diesel forklifts and reach trucks. Additional services are offered, including tools for servicing and maintenance, drivers training, and site surveys, within the equipment rental sector.
Who are the top competitors of Hiremech?
Hiremech's top competitors include EquipmentShare, United Rentals and Sunbelt Rentals.
What products or services does Hiremech offer?
Hiremech offers Forklift Hire, Forklift Sales, Servicing and Maintenance, and Training Courses.
Who are Hiremech's investors?
Hiremech has 1 investor. Key investors include Briggs Equipment.
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