Horizon Agricultural Machinery Ltd

Horizon Agricultural Machinery Ltd, based in Spalding, UK, is a small, active company founded 18 years ago. Employing 34 people, it holds £4,760,778 in assets and operates from a real address. With one director and one owner, the company regularly imports and exports machinery, boilers, and mechanical appliances, including parts—with 171 months of import activity and 152 months of export activity recorded.

The company's website showcases a focus on innovative agricultural machinery, particularly no-till drills and precision planting systems. It seems to be a manufacturer, not just a reseller, with a strong emphasis on soil health and regenerative agriculture. The site highlights products like the DSX notill drill, precision planter, and strip-till cultivator, alongside front and granular hoppers and liquid fertiliser tanks. It’s clear they are targeting farmers looking to improve efficiency and soil regeneration.

Financially, Horizon Agricultural Machinery Ltd shows some interesting trends. While net assets increased by a modest 4.8% to £2,000,000, cash reserves decreased by 43% to £120,000. Bank borrowings, however, fell by 39% to £470,000, which could indicate improved debt management. Creditors increased by a significant 47% to £3,400,000, and trade debtors decreased by 51% to £110,000. The company's small size—meeting two of three criteria for a small company—helps it remain flexible, but the rise in creditors suggests a need to manage cash flow more closely. The average number of employees has increased by 32% to 45, which could be a positive sign of growth, but also increases operational costs. The company is exempt from an audit as a small company, so the figures are unaudited.

Overall, Horizon Agricultural Machinery Ltd appears to be a growing business with a clear focus on innovative agricultural solutions. While the financials show some challenges, the company's commitment to regenerative agriculture and its growing workforce suggest a positive outlook, even if the increased creditors are something to keep an eye on.

Registered in England/Wales under the registration number 05930757, with a registered address at PE12 0EZ, England, Spalding, Lincolnshire, Cliftons Bridge Fishergate, Sutton St. James.

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