Cornwall Farm Machinery Limited

Cornwall Farm Machinery Ltd from Truro UK: a small, active company founded 14 years ago, employs 27 people, and holds a 5.0 Google rating from 21 reviews. It’s a solo-founded operation with one director and owner, operating from a real address. The company regularly imports machinery, boilers, and mechanical appliances, with a focus on parts over the last nine months.

The business functions as a Case IH Agricultural Dealership for all of Cornwall, with two depots located in Truro and Penzance. Its website highlights a range of machinery, merchandise, and STIHL products, alongside a trailer centre and conference hire services. It also offers Polaris merchandise and has a dedicated section for Case IH products. The company’s online presence emphasizes customer service, with a focus on agricultural machinery sales and support.

Financially, Cornwall Farm Machinery Ltd shows a mixed picture. Accumulated depreciation for furniture and fittings increased by 12%, while leasehold improvements saw a significant 50% jump. However, cash bank on hand decreased by 22% to £230,000. Creditors rose by 20% to £4.2 million, and trade debtors increased by 3.4% to £680,000. Equity took a big hit, dropping 94% to -£140,000. Despite these challenges, the company managed to reduce prepayments and accrued income by 64%. The company is exempt from audit, and the unaudited financial statements show a decrease in property plant equipment gross cost.

The company’s small size—meeting two of three conditions for being a small company—helps it remain flexible. The increase in bank borrowings and the decrease in equity suggest the company is relying on debt financing. The significant depreciation increases may indicate investment in new equipment, but the decline in cash reserves raises concerns about short-term liquidity. The director’s continued support and the availability of loan facilities are positive signs, but the company needs to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 07443668, with a registered address at TR4 9BE, United Kingdom, Truro, Cornwall, Deer Park Trewaters, Trispen.

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