Forage Technology Limited

Forage Technology Ltd, based in High Peak, UK, is a small, active company established 28 years ago. With four employees and £777,605 in assets, it’s a family-run business led by a solo founder, Hanson-orr Colin Victor, alongside three other directors. The company holds a stellar 5.0 Google rating from a single review. It operates as an irregular importer of pharmaceutical products, with its last import activity occurring one month ago in October 2023.

The company’s website showcases a focus on British agriculture, offering biological solutions to boost farm performance. Forage Technology acts as a UK distributor of products like the SiloSolve range and Maneuver from Novonesis (formerly Chr Hansen), specializing in silage additives and slurry treatments. The site also features articles on topics like silage inoculants and bad bacteria, demonstrating expertise in the field. It's a business that clearly values its heritage and commitment to supporting British farms.

Financially, Forage Technology Ltd presents a mixed picture. Cash bank holdings have fallen significantly by 55% to £370,000, while creditors have risen sharply by 350% to £450,000. Current assets have also decreased by 9%, now sitting at £780,000. Merchandise, however, has seen an incredible surge, increasing by 2600% to £370,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity—a 56% drop to £330,000—is a cause for concern. The lack of a mentioned auditor (likely exempt as a small company) means the figures are unaudited.

Overall, Forage Technology Ltd appears to be navigating a period of change. While its product offerings and customer focus remain strong, the financial data suggests a need for careful management. The company’s long history and commitment to British agriculture provide a solid foundation, but the recent trends warrant close attention.

Registered in England/Wales under the registration number 03283676, with a registered address at SK23 7QA, England, High Peak, Derbyshire, Unit 2, Furness Vale Marina Station Road, Furness Vale.

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