Agriquip Engineering Limited

Agriquip Engineering Ltd from Blackburn UK is a small, family-run business with an active status, founded 13 years ago. With just two employees and £150,901 in assets, it operates from a virtual address shared by 45 other companies, raising some questions. The company has three directors and two owners, and regularly imports machinery, boilers, and mechanical appliances, with parts imported for the last nine months.

The company’s core business appears to involve repair of machinery and bookkeeping activities. While no website was found, this suggests a focus on local clients and potentially a B2B model rather than direct-to-consumer sales.

Financially, Agriquip Engineering Ltd shows a mixed picture. Current assets have increased significantly, jumping 110% to £150,000, which is a good sign. However, net losses deepened from -£10,000 to -£23,000, and bank borrowings increased by 2,400%, reaching £29,000. Creditors also rose 35% to £34,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's assets are mostly in the form of property, plant and equipment, with a significant increase in depreciation charges. It’s possible the company is investing in new equipment or expanding its operations, but it’s also important to monitor the impact of these investments on profitability.

Registered in England/Wales under the registration number 07694920, with a registered address at BB1 6AY, England, Blackburn, Mentor House, Ainsworth Street.

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