Horizons Agriculture Limited

Horizon Agriculture Innovative Agriculture Machinery is a UK-based company specializing in the design and manufacture of innovative agricultural machinery. Based in Lincolnshire, the company, active since its founding 25 years ago, employs six people and holds assets valued at £4,392,230. With a yearly revenue of £16,557,121, Horizon Agriculture operates as a family business, overseen by three directors and two owners, Needham Andrew Philip and Needham Sandra Jane. The company's registered address is a real address, with only one other company registered at the location.

The company’s website showcases a range of products, primarily focused on no-till seed drills, strip-till cultivators, and front/granular hoppers—all designed to improve soil health and agricultural efficiency. They emphasize regenerative agriculture practices and offer customizable solutions for farmers. The website’s design and product range suggest a focus on high-end, precision farming equipment.

Financially, Horizon Agriculture’s report presents a mixed picture. While turnover remained steady at £16,557,121, net assets increased by 27% to £4,700,000. However, administrative expenses rose by 21% to £250,000, and net profit fell by 39% to £550,000. Bank borrowings increased by 100% to £24,739, and cash reserves dropped 26% to £2,900,000. The company’s size (meeting two of three criteria for a large company) indicates a substantial operation, but the decrease in profit suggests potential challenges. The report doesn’t mention an auditor, which is likely due to the company’s size and exemption from mandatory auditing.

The increase in administrative expenses may be linked to investments in research and development or marketing efforts to support the company’s innovative product line. The decline in cash reserves, despite a positive net asset position, could reflect increased working capital requirements to support sales growth or expansion. Overall, Horizon Agriculture appears to be a financially stable company, but the recent trends warrant close monitoring to ensure continued success in the competitive agricultural machinery market.

Registered in England/Wales under the registration number 03927388, with a registered address at NG32 2AX, England, Grantham, Chestnut Court Stubton Road, Brandon.

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