Agrimech Ltd

Agrimech Ltd from Wisbech UK: a small, active company founded fifteen years ago, employs seventeen people, and holds £3,419,725 in assets. It’s a real address with four directors and one owner. The company regularly imports machinery, boilers, and mechanical appliances – parts, with four months of import activity recorded, and exports the same items, with seven months of export activity.

Agrimech Ltd specializes in automation machinery solutions for agricultural and forestry industries. Its website showcases equipment for every stage of the process, from palletising and stitching to weighing and placing. They cater to businesses handling vegetables, fruits, aggregates, minerals, and animal feed, offering solutions for various packaging types. The company even highlights a successful project funded by Norfolk County Council, designing a working prototype weigher-packer. Beyond machinery sales, Agrimech offers servicing, repairs, and after-sales care, with a dedicated customer support team.

Financially, Agrimech Ltd presents a mixed picture. Current assets have increased by a staggering 210% to £3,400,000, while net assets increased by 17% to £980,000. However, bank borrowings have risen significantly by 42%, reaching £33,000. Creditors have also increased substantially, by 350%, to £3,200,000. The company’s small size—meeting two of three conditions for a small company—allows for agility, but the surge in creditors raises questions about cash flow. Cash reserves have decreased by 12% to £230,000. The company is exempt from an audit as a small company, so the financial data is unaudited.

The company's increase in liabilities may suggest it’s investing in growth, but it’s important to monitor its ability to manage its debts. The company’s focus on automation and customer support positions it well in the agricultural machinery market, but the financial pressures need to be addressed to ensure long-term sustainability.

Registered in England/Wales under the registration number 06995579, with a registered address at PE14 9JS, Wisbech, Cambridgeshire, 18 Main Road, Threeholes.

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