Howard Pullen Machinery Ltd

Howard Pullen Machinery Ltd, based in Hove, UK, is a small, active company founded nine years ago. With £430,019 in assets and a virtual address shared by eighteen other companies, it’s a solo-founded operation managed by a single director and owner. The company imports machinery, boilers, and mechanical appliances parts irregularly, with just one month of import activity recorded in 2022, but exports these same items regularly, with thirteen months of export activity as of February 2025. It operates as a machinery broker and advisor, also dealing with surplus machinery for export and finding new markets. Howard Pullen has a long history in the industry, having been a past president of several trade associations.

The company's website highlights its expertise in agricultural machinery dealing and exporting, tracing back to 1976. It started by exporting used tractors to the USA and later became a dealer for Deutz Fahr, Renault, and Claas before being acquired by Southern Harvesters Ltd. After retiring from Southern Harvesters in 2015, Howard Pullen re-established the business, focusing on brokerage and advising farmers and dealers. The site also mentions a significant presence in the piano restoration business, operating from Cambridge with a showroom in Harrods.

Financially, Howard Pullen Machinery Ltd shows a mixed picture. Current assets increased by 42% to £430,000, while net assets grew by a modest 1.7% to £210,000. Bank borrowings decreased by 33%, and cash reserves increased by 50% to £330,000. Trade debtors increased by 77%, and creditors increased by 120%. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of a mentioned auditor is typical for companies of this size, relying on unaudited statements.

The sharp increase in creditors and debtors suggests the company is managing its cash flow carefully, perhaps extending credit terms to customers or negotiating better payment terms with suppliers. The growth in cash reserves is a positive sign, indicating the company is generating more cash than it's spending. While the company’s financial health appears stable, it's worth noting the virtual address—a potential risk factor—and the need for continued monitoring of its cash flow and debt management practices.

Registered in England/Wales under the registration number 09883856, with a registered address at BN3 2BB, United Kingdom, Hove, East Sussex, 85 Church Road.

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