Alan Mackay Machinery (forfar) Limited

Alan Mackay Tractors and Farm Machinery Aberdeenshire Scotland is a large company, active since 2013, with a solid track record. Employing 22 people and boasting yearly revenue of £13.1 million, it’s a significant player in the agricultural machinery sector. The company, with four directors and two owners, maintains a perfect 5.0 Google rating based on eight reviews. It regularly imports machinery, boilers, and mechanical appliances, parts, with the last import operation in October 2024, and exports the same items, with the last export in December 2024.

The company’s website highlights its role as an authorised dealer for Valtra tractors and a supplier of a wide range of farm equipment, including Amazone machinery, Sumo tillage equipment, and Krone forage solutions. It operates from two locations: Forfar, Angus, and Rothienorman, Inverurie, Aberdeenshire, providing sales, servicing, and hydraulic hose division. The company also offers a mobile service van to minimize downtime.

Looking at the financial data, Alan Mackay Tractors and Farm Machinery shows some interesting trends. Accrued liabilities and deferred income increased by 32%, while depreciation on plant machinery rose by 24%. Administrative expenses also increased by 14%, reflecting perhaps expanding operations. However, bank borrowings completely vanished, and cash and cash equivalents soared by a remarkable 210%. Debtors decreased by 33%, suggesting improved collection efficiency, and creditors also fell by 26%. The company's net assets grew by 32%, indicating a strengthening financial position.

The company’s turnover remained stable, but losses increased, and the company is burning through cash. It’s likely that the company is investing in its business, perhaps expanding its inventory or marketing efforts. The decrease in bank borrowings suggests a shift away from debt financing, while the increase in cash reserves provides a buffer against potential challenges. The lack of an auditor mentioned—likely due to its size—means the figures are unaudited, but the overall picture suggests a company navigating a dynamic market with a focus on growth and efficiency.

Registered in Scotland under the registration number SC465072, with a registered address at DD8 1PF, Forfar, Angus, Garthfield, Padanaram.

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