Horsepower Uk Ltd

Horsepower UK Ltd from Faversham UK is a small, active company founded 21 years ago, in 2004. It employs five people and holds £436,226 in assets, boasting a perfect 5.0 Google rating based on 14 reviews. With three directors and three owners, the company operates from a real address and regularly imports machinery, boilers, and mechanical appliances, with parts imported for the last six months.

The company’s website reveals it’s a full franchised dealer for various agricultural machinery brands, allowing customers to select a brand to view full product details. This suggests a wholesale or distribution model, likely supplying agricultural equipment to retailers or directly to farmers. It’s a fairly standard setup for a business in this sector.

Financially, Horsepower UK Ltd presents a mixed picture. Cash reserves have increased significantly, jumping 320% to £87,000, which is a positive sign. However, creditors have also risen sharply, increasing by 75% to £420,000, indicating a greater reliance on credit. Trade debtors have also decreased by 56% to £36,000, which might be a cause for concern. The company’s small size—meeting two of three criteria for a small company—helps it stay nimble, but the increase in liabilities should be monitored. The company’s net assets have fallen by 58% to £42,000, which is a significant drop. No auditor is mentioned, likely due to the company’s small size and exemption from an audit. It’s a bit odd that the company’s equity has fallen so much, but it’s probably due to the increase in liabilities.

Registered in England/Wales under the registration number 05081264, with a registered address at ME13 9QN, Faversham, Kent, Unit 2 Owens Court Farm, Selling.

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