Field Irrigation Limited

Field Irrigation Ltd from Bracknell UK: a small, active company founded 27 years ago, employs five people, and holds £347,925 in assets. It’s a real address with three directors and two owners. The company regularly imports optical and medical tools and devices, with five months of import activity recorded.

The company operates in the wholesale of agricultural machinery, equipment and supplies. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. Its website, fieldirrigation.co.uk, showcases a range of irrigation systems, pumps, and related equipment, targeting agricultural and horticultural businesses. While the site appears professional, it doesn't offer e-commerce functionality, suggesting a business-to-business model relying on direct sales and distribution.

Financially, Field Irrigation Ltd presents a mixed picture. Current assets decreased by 2.9% to £350,000, while net assets fell 36% to £130,000. Bank borrowings increased by 38%, reaching £240,000, and cash reserves decreased by 97% to £230,000. Creditors decreased by 32%, which could indicate better management of short-term debts. The company's small size helps it remain flexible, but the decline in equity is a concern. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

The sharp drop in cash reserves, despite a decrease in creditors, suggests the company may be burning through money faster than it’s bringing it in. The increase in bank borrowings could be a temporary measure to cover expenses, but it also indicates a reliance on external funding. The company’s long history and established presence in the agricultural sector provide a solid foundation, but addressing the financial challenges will be crucial for its long-term success.

Registered in England/Wales under the registration number 03434454, with a registered address at RG12 0UJ, England, Bracknell, 32 Dalcross.

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