Maggrow U.k. Limited

Maggrow Uk Ltd, based in Cirencester, UK, is a small holding company with an active status, established eight years ago. The company employs seven individuals and holds £47,675 in assets. It’s managed by four directors and one owner, and operates from a real address with only one other company registered at the same location. Maggrow Uk Ltd is an irregular importer, primarily dealing with electrical machinery and equipment, with its last import activity recorded one month ago in June 2022.

The company’s core business revolves around the manufacture of agricultural and forestry machinery, excluding tractors. It operates as a holding company, overseeing a broader portfolio of agricultural-related ventures. The website, while non-existent, suggests a focus on quality and British craftsmanship.

Financially, Maggrow Uk Ltd presents a mixed picture. Current assets have decreased by 37% to £48,000, while net current assets have also declined significantly. Bank borrowings have increased, and cash reserves have fallen considerably. Creditors have also risen, suggesting a need to manage debt effectively. The company’s small size—meeting two of three criteria for being classified as small—allows for agility, but the declining equity raises concerns. The company is exempt from an audit, so the figures are unaudited.

The company’s financial data reveals a concerning trend of accumulating depreciation impairments. Computer equipment depreciation increased by 42%, furniture fittings by 44%, motor vehicles by 23%, and plant machinery by 45%. While the company has seen a slight increase in other debtors, the overall picture suggests a need for careful financial management. It’s likely that the company is burning through cash, but whether this is a temporary setback or a longer-term challenge remains to be seen.

Registered in England/Wales under the registration number 10691330, with a registered address at GL7 6DH, England, Cirencester, Unit A, Field Farm Elm View, Somerford Keynes.

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