Agropack Solutions Ltd

Agropack Solutions Ltd from Elgin UK is a small, active company founded five years ago. With two employees and £370,035 in assets, it operates from a real address and is a family business running an e-commerce site. The company regularly imports machinery, boilers, and mechanical appliances, with parts imported for eleven months, the last operation occurring in July 2024. It’s managed by two directors and owned by Kyle Jitka and Kyle William Michael.

The company operates in the agents involved in the sale of machinery, industrial equipment, ships and aircraft industries. The website, while not detailed, suggests a focus on sourcing and supplying industrial equipment. It's a small company, meeting two of the three conditions to be considered small: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Agropack Solutions Ltd shows some interesting trends. Accumulated depreciation for computer equipment has increased by 74%, while furniture fittings have seen a 51% increase. The company's average number of employees has risen by 50%, from two to three. Bank borrowings have skyrocketed by an incredible 9500%, jumping from £560 to £54,000 – a significant change. Cash reserves, however, have decreased by 35%, dropping to £120,000. Creditors have also increased by 57%, reaching £340,000. Despite these shifts, net assets have fallen by 9%, settling at £150,000.

The company’s trade debtors have decreased slightly, and the company’s current income tax policy is based on taxable profit for the year. It’s clear that the company is experiencing a period of change, with increased borrowing and decreased cash reserves. Whether this is a temporary setback or a longer-term challenge remains to be seen, but the company’s small size and family ownership could help it navigate these changes. The accounts are unaudited, so the figures are director-reported.

Registered in Scotland under the registration number SC659484, with a registered address at IV30 8XH, Scotland, Elgin, Morayshire, Mid Kintrae Farm, Mid Kintrae Farm.

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