Candy Machinery Limited

Candy Machinery Limited, based in Gainsborough, UK, is a small, family-run business with an active status. Founded eleven years ago in 2013, it holds £1,857,663 in assets and employs a team of four directors and three owners. The company operates from a real address and regularly imports and exports machinery, boilers, and mechanical appliances, parts – with 3 months of import activity and 16 months of export activity recorded. It’s a busy operation.

The company's website showcases a diverse range of machinery for sale, including tractors, trailers, attachments, and telehandlers. It’s not an e-commerce site in the traditional sense, but rather a listing service for used machinery, with contact details provided for direct inquiries. It’s a bit of a different approach.

Financially, Candy Machinery Limited presents a mixed picture. While current assets have decreased slightly, dropping 6.8% to £1.9 million, the most striking change is the significant drop in equity, which plummeted 87% to just £20,000. Cash reserves have also taken a hit, falling 75% to £26,000. Bank borrowings have increased, and trade debtors remain steady. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity raises concerns. No auditor is mentioned, likely due to exemption as a small company.

The company’s financial data also reveals a significant increase in balances owed to related parties, rising 7.4% to £1.6 million. This could be due to various factors, such as loans for working capital, but it’s something to keep an eye on. The accounts are abridged and unaudited, and the company is entitled to exemption from audit under the Companies Act.

Registered in England/Wales under the registration number 08690217, with a registered address at DN21 5NH, England, Gainsborough, Lincolnshire, 2 Padmoor Lane, Upton.

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