Cowan Bros. Ni Ltd

Cowan Bros. Ni Ltd, based in Londonderry, UK, is a medium-sized, active family business established thirteen years ago. Employing thirty-three people, the company boasts £6,480,813 in assets and generates an impressive £18,676,735 in yearly revenue. With a real address and a 5.0 Google rating from five reviews, it’s a well-regarded operation. Three directors and two owners steer the ship, and the company is a regular importer of machinery, boilers, and mechanical appliances, with parts imported roughly every three months.

The company operates as a franchised dealer for Case Agriculture and Construction, offering sales, parts, servicing, and finance. It serves customers in Northern Ireland and Donegal, with locations in Maydown and Mallusk. Cowan Bros. Ni Ltd has evolved from a small workshop to dealerships, initially representing Universal and Fiat Ford, before transitioning to New Holland. In 2014, it gained the Case Construction franchise for Northern Ireland and Donegal, and shortly after, the Case Agriculture franchise for several counties. The company recently launched a new website, reflecting its ongoing commitment to modernizing its operations.

Financially, Cowan Bros. Ni Ltd presents a mixed picture. While turnover increased by 2.1% to £19 million, net assets decreased by 15% to £3.7 million. Cash reserves fell 19% to £960,000, and bank borrowings increased, though the exact figures are not detailed. Trade debtors surged by 68%, suggesting potential issues with customer payments. Despite these challenges, creditors decreased, indicating improved debt management. The company’s size—meeting two of three criteria for a medium-sized business—allows for agility, but the equity decline warrants closer scrutiny. The financial statements were audited by McDaid McCullough Moore, providing a degree of assurance.

The company’s focus on agricultural and construction machinery, combined with its family-run structure, suggests a stable, albeit potentially vulnerable, business model. The recent website launch and ongoing expansion of franchise agreements point to a desire for growth, but the financial numbers indicate a need for careful management to ensure long-term sustainability.

Registered in Northern Ireland under the registration number NI607675, with a registered address at BT47 6UQ, Northern Ireland, Londonderry, Londonderry, 2 Carrakeel Drive, Maydown Industrial Estate.

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