David's Machinery Ltd

David's Machinery Ltd, based in Hull, UK, is a small, active company established five years ago. With a single employee and £57,974 in assets, it's a lean operation managed by one director and owner. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 8 months of import activity and 12 months of export activity recorded. Its address is real, with only one other company registered at the same location.

The company's website reveals a focus on agricultural machinery, particularly tractors. It features contact details for David and Debbie Rushton, along with a phone number and email address. The site also highlights a 2023 copyright notice, suggesting a relatively simple online presence. The company operates in the wholesale of agricultural machinery, equipment and supplies industries.

Financially, David's Machinery Ltd shows some positive trends, but also areas of concern. Cash bank on hand increased by 24% to £36,000, and current assets rose by 22% to £58,000. However, net assets improved significantly, jumping from -£15,000 to £3,800—a dramatic turnaround. Bank borrowings decreased by 54%, falling to £4,200, and trade debtors increased by 190%, suggesting a reliance on customer payments. Loans from directors decreased by 15%, to £40,000. The company meets two of three criteria to be classified as a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The accounts are unaudited, and no auditor is mentioned.

While the company's cash position and net assets look healthier, the increase in trade debtors warrants monitoring. The significant improvement in equity suggests a successful year, but the long-term sustainability of the business will depend on continued growth and effective debt management.

Registered in England/Wales under the registration number 12112575, with a registered address at HU7 3EL, England, Hull, 38 Brandon Way Kingswood.

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