David Ritchie (implements) Limited

David Ritchie (Implements) Limited, based in Forfar, Scotland, is a well-established family business with a rich history spanning 71 years. Currently employing 110 people, the company holds assets totaling £7,260,180 and operates as a holding company with an active trading status. The business, registered under SC029454, has five directors and two owners, and is audited by Henderson Loggie LLP. Its Google rating stands at a respectable 4.0 based on nine reviews. The company regularly imports iron or steel products (for 87 months) and exports machinery, boilers, and mechanical appliances (for 101 months).

The company’s website showcases a diverse range of agricultural and industrial equipment, with a focus on design, manufacture, surface coating, and marketing. It also appears to be involved in the production of surface coating and marketing of a range of agricultural and industrial equipment. The company’s website also highlights its expertise in surface coating and marketing of a range of agricultural and industrial equipment.

Financially, David Ritchie (Implements) Limited presents a mixed picture. While turnover remained steady at £3,800,000, net assets decreased by 5.7% to £6,600,000. Bank borrowings increased by 3.4% to £88,000, and cash reserves fell by 10% to £490,000. Trade debtors increased by 2.9% to £3,100,000, suggesting a potential delay in customer payments. Staff costs rose by 8.2% to £3,300,000, reflecting increased labor expenses. Losses deepened from -£17,000 to -£77,000. The decrease in net assets, despite stable turnover, could be attributed to increased operating expenses or investments in new equipment. The company's small size helps it stay agile, but the sharp equity drop raises questions.

Registered in Scotland under the registration number SC029454, with a registered address at DD8 3BT, Forfar, Angus, Carseview Road, Suttieside.

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