Compass Tractors Limited

Compass Tractors Ltd, based in Bridgwater, UK, is a sizable company holding a prominent position in the agricultural machinery sector. Established 21 years ago, the firm employs 26 people and boasts assets of £6,320,956, with an impressive yearly revenue of £23,155,122. Holding company status and an active trading status, the business is managed by two directors and one owner, and enjoys a stellar 5.0 Google rating from 22 reviews.

The company’s core business revolves around importing and exporting vehicles, parts, and accessories – excluding trains and trams. They’re regular importers, with a focus on these vehicle components for four months, and consistent exporters, with 22 months of export activity recorded. Their website showcases a wide range of new and used machinery, including tractors, balers, and combines, alongside automotive stock. They also offer services like tractor repair and parts supply.

Financially, Compass Tractors Ltd appears to be in a strong position. However, a closer look at the numbers reveals some interesting trends. While turnover increased by 12%, net assets decreased by 24%, and cash reserves fell by 30%. Bank borrowings surged by 2400%, indicating a significant increase in debt. On a positive note, creditors decreased by 18%, suggesting improved debt management. The company meets two of three criteria to be considered a large company, with turnover exceeding £36 million and balance sheet total exceeding £18 million. The company's auditor is PKF Francis Clark.

The trends suggest a period of investment or expansion, potentially driving up debt levels. It's possible the company is capitalizing on increased demand for agricultural machinery, or perhaps diversifying its product offerings. The decrease in cash reserves could be attributed to increased operating expenses or investments in new inventory.

Registered in England/Wales under the registration number 04991388, with a registered address at TA6 6DF, Bridgwater, Somerset, Market Way, North Petherton.

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