Agquip Ltd

Agquip Ltd is a small, active family business based in Ballymoney, Northern Ireland, founded fifteen years ago in 2009. With nine employees and £6,325,337 in assets, it’s a well-established operation boasting a perfect 5.0 Google rating from four reviews. The company, registered at a real address with three directors and three owners, specializes in agricultural equipment, particularly umbilical slurry distribution, dribble bars, and tanker mounts. It’s a regular importer of machinery, boilers, and mechanical appliances, with the last import operation recorded three months ago in June 2022.

The company’s website highlights its focus on innovative solutions for fertiliser application, emphasizing maximum yield, minimal waste, and EU compliance. It caters to farmers seeking efficient and compliant methods for distributing slurry, offering a range of equipment including dribble bars, trailing shoes, and bespoke engineering services. The website also showcases a commitment to high-quality workmanship and customer support, positioning Agquip Ltd as a trusted partner for agricultural businesses.

Financially, Agquip Ltd presents a mixed picture. While cash reserves grew by a healthy 25% to £3.3 million, current assets only increased slightly, by 2.3% to £6.3 million. Trade debtors remained steady, but creditors grew by 7.1% to £640,000. Perhaps most notably, bank borrowings to directors increased, with one director receiving £370,000 and another receiving £250,000, although both have repaid a small amount. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the increase in director loans suggests a reliance on external funding. No auditor is mentioned, as the company is exempt, and the financial statements are unaudited. The company’s employee numbers have also decreased, from nine to six, which could be a cause for concern.

Registered in Northern Ireland under the registration number NI072859, with a registered address at BT53 7JG, 79b Finvoy Road, Ballymoney.

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