J & W Tait Limited

J & W Tait Ltd, based in Kirkwall, Isle of Orkney, is a small, active company with a 70-year history. Founded in 1954, the business employs 29 people and holds £3,841,231 in assets. It operates from a real address and is overseen by five directors and a single owner. The company boasts a respectable Google rating of 4.0 based on 27 reviews. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with recent import activity recorded two months ago.

The company’s website showcases a diverse range of services and products. It functions as a tractor dealer and agricultural machinery supplier, offering both new and used vehicles. Alongside this, it provides a garage service, offering everything from servicing and MOTs to in-depth diagnostics. The site also highlights a parts store, offering a wide selection of restoration parts, and provides agricultural sales services including feed, fertiliser, and concrete goods. It's clear that J & W Tait Ltd caters to a broad range of needs within the Orkney community.

Financially, the company’s recent performance presents a mixed picture. Bank borrowings have increased significantly, jumping 52% to £1,800,000, while cash reserves have decreased by 20% to £700. Creditors have also seen a substantial rise, increasing by 220% to £1,000,000. However, trade debtors have fallen by 25%, which could suggest improved cashflow management. The company’s size – meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) – allows it to remain flexible, but the increase in debt warrants attention. No auditor is mentioned, likely due to the company's small size and exemption from an audit.

Overall, J & W Tait Ltd appears to be a well-established and valued member of the Orkney business community, but the recent financial trends suggest a need for careful management to ensure long-term stability.

Registered in Scotland under the registration number SC030430, with a registered address at KW15 1RE, Kirkwall, Isle Of Orkney, Sparrowhawk Road, Hatston Industrial E.

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