Fleming Agri-products Limited

Fleming Agri Products Ltd, based in Co Londonderry, Northern Ireland, is a sizable, active company with a history stretching back 42 years. Employing 116 people and holding assets of £10,108,030, the business operates as a holding company and maintains a real address, overseen by four directors and a single owner. The company’s website showcases a wide range of agricultural and compact machinery, from aerators and bale handling equipment to trailers and rotavators. It also offers spare parts and downloadable resources, including brochures and price lists.

The business is a regular importer and exporter, specializing in machinery, boilers, and mechanical appliances, including parts. Import activity has spanned 12 months, with the last operation recorded in October 01, 2024. Export activity has been even more consistent, lasting 106 months, with the most recent export on July 01, 2024. Fleming Agri Products Ltd also boasts a 4.0 Google rating from eight reviews, indicating a generally positive customer experience.

Looking at the financials, Fleming Agri Products Ltd shows some interesting trends. While bank balances increased by a substantial 35% to £3.7 million, net assets also grew significantly, jumping 10% to £11 million. However, trade debtors increased by 890%, which could indicate difficulties in collecting payments from customers. Creditors decreased by 18%, suggesting better debt management. A significant increase in interest income on bank deposits, up 330%, also stands out. The company’s net loss deepened to -£990,000, a 16% decrease from the previous year.

The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) helps it stay agile. The substantial increase in bank borrowings, however, raises questions about the company’s financial stability. With no auditor mentioned, the figures are unaudited, relying on director-reported data. Overall, Fleming Agri Products Ltd appears to be a well-established business facing challenges, with its success likely tied to the ongoing demand for its agricultural machinery and its ability to manage its debts effectively.

Registered in Northern Ireland under the registration number NI016347, with a registered address at Co Londonderry, Ballyorr, Newbuildings.

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