J Tate Ltd

J Tate Ltd, based in Easingwold, UK, is a small, active company founded four years ago. It holds £191,808 in assets and operates from a real address, managed by a single director and owner – a solo founder. The company’s status is active, and it’s classified as small, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It’s an irregular importer, with its top import category being Art and Antiques, totaling just one month of imports recorded back in 2022. The company operates in the wholesale of agricultural machinery, equipment and supplies industries.

The company’s website, taitstaitorkney.co.uk, paints a picture of a much larger operation. J W Tait Ltd is a well-established business serving Orkney and beyond, offering new and used cars, tractors, agricultural machinery, and a wide range of related services. The site details a full-service garage, spare parts store, and even agricultural sales – feed, fertiliser, and concrete goods. It’s clear they’re not just importers; they're a comprehensive supplier to the agricultural sector. The website also highlights a power and groundcare equipment division, and a focus on garage services, from servicing to diagnostics. The site is well-maintained, with clear contact information and a map showing their location.

Financially, J Tate Ltd shows some concerning trends. Cash reserves have plummeted by 84%, dropping to just £780 – a significant drain. Bank borrowings have increased to £3,700, and creditors have risen by 25% to £100,000. On the positive side, current assets have increased by 10% to £190,000, and other inventories have risen by 12% to £190,000. Equity has decreased by 9% to £66,000. The company’s small size helps it remain flexible, but the sharp drop in cash and the increase in debt suggest it's burning through money. There’s no auditor mentioned, likely due to its small size, so the figures rely on unaudited statements.

Overall, J Tate Ltd appears to be a small company facing financial pressures. While its website showcases a larger, thriving business, the underlying financials tell a different story. It's unclear whether the import business is contributing to the company’s struggles, or if it’s a symptom of broader operational challenges.

Registered in England/Wales under the registration number 13303749, with a registered address at YO61 3ER, United Kingdom, Easingwold, White Lodge Farm, Green Lane.

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