Garford Farm Machinery Limited

Garford Farm Machinery Ltd, based in Peterborough, UK, is a sizable company holding company with an active status. Established fifteen years ago in 2009, it employs sixty-two people and boasts assets of £5,546,631. While it has a registered address, thirty-five companies share this location, suggesting a virtual address. The company is managed by two directors and has one owner, maintaining a stellar 5.0-star Google rating from eight reviews. It regularly imports and exports machinery, boilers, and mechanical appliances, parts, with a substantial 106 months of export activity recorded.

The company's website highlights its focus on technologically advanced mechanical weed control products, particularly its Robocrop range of guided hoes and in-row weeders. It emphasizes precision, innovation, and a global reach, with sales extending to countries like Chile and Japan. Garford Farm Machinery Ltd manufactures and retails agricultural machinery, and also offers piano restoration services, showcasing a diverse range of expertise.

Financially, Garford Farm Machinery Ltd presents a mixed picture. While net assets increased by 14% to £4,800,000, current assets decreased by 8.7% to £5,500,000. Bank borrowings increased by 40% to £390,000, and cash reserves rose by a significant 290% to £160,000. Director remuneration decreased by 43%, and net losses deepened to -£71,000. The company’s size (meeting two of three criteria for a large company) allows for flexibility, but the decline in profitability warrants attention. The company is audited by Price Bailey LLP. It's likely that the increased bank borrowings are to support the company's expansion into new markets, and the decrease in director remuneration may be a result of cost-cutting measures.

Registered in England/Wales under the registration number 06991936, with a registered address at PE2 6LR, Peterborough, 36 Tyndall Court, Commerce Road Lynch Wood.

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