Agritec International Ltd

Agritec International Ltd, based in Preston, UK, is a small, holding company with an active status, having been founded 22 years ago. The company employs just three people and holds assets of £1,929,862. With four directors and one owner, it operates from a real address and has been around since February 19, 2003. The business is a regular importer, specializing in machinery, boilers, and mechanical appliances – parts, with the most recent import occurring in April 2024. It also engages in irregular exporting of optical and medical tools and devices, with the last export recorded in March 2023.

Agritec International’s core business revolves around providing services and equipment to the vegetable processing industry. Its website highlights its role as the official sales agents and technical support team for Drywite preservatives and processing aids. Beyond that, it supplies new and reconditioned equipment, offers consultancy and training services, and even facilitates contract growing arrangements. The company also showcases a range of featured products, including complete potato and chip processing lines and Drywite preservatives.

Financially, Agritec International Ltd shows a mixed picture. Cash bank on hand increased by 29%, reaching £1.2 million, while current assets grew by 20% to £1.9 million. However, creditors have risen significantly, with those due within a year increasing by 53% to £560,000. Property, plant, and equipment have also seen a substantial jump, growing 66% to £200,000. Despite this, net assets increased by 14% to £1.5 million. The company's small size – meeting two of three criteria for a small company – helps it remain flexible, but the rise in creditors suggests a need to manage its debts. There's no mention of an auditor, which is common for small, exempt companies. The company’s description of principal activities is missing from the report, which is a bit odd.

Registered in England/Wales under the registration number 04671688, with a registered address at PR3 0UE, England, Preston, Owls Dene Rawcliffe Road, St. Michaels.

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