Martin Richards Agricultural Engineers Limited

Martin Richards Agricultural Engineers Limited, based in Sturminster Newton, UK, is a small, active company established 21 years ago. With five employees and £714,823 in assets, it's a family-run business led by two directors and a solo founder. The company enjoys a stellar 5.0 Google rating from five reviews. It regularly imports vehicles, parts, and accessories (excluding trains and trams), with its last import activity recorded ten months ago in April 2019.

The company’s website, tractorsuk.co.uk, focuses on the import and sale of TAFE heritage tractors and spares. It positions itself as the UK importer of these tractors, offering a range of models, attachments, implements, and spare parts. The site also features a section on second-hand tractors and implements. It’s clear the business caters to farms, equestrian properties, agricultural, and horticultural uses, emphasizing low cost, minimal maintenance, and durability. The website even includes a blog post about a Dorset dairy farmer's experience with their tractors.

Financially, Martin Richards Agricultural Engineers Limited presents a mixed picture. While fixed assets have seen a substantial increase of 48%, cash bank on hand has decreased by 11% to £440,000. Creditors have significantly reduced by 23%, suggesting improved debt management, but trade debtors have risen by 11%, potentially indicating delayed payments. Equity has grown by 12%, reaching £610,000, and net assets have also increased to £630,000. The company’s small size (meeting two of three conditions for being classified as small) allows for flexibility, but the decrease in cash reserves warrants attention. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

Overall, Martin Richards Agricultural Engineers Limited seems to be holding its own, with a focus on a niche market and a reputation for reliable tractors. However, the decrease in cash reserves and increase in debtors suggest a need to monitor cash flow closely.

Registered in England/Wales under the registration number 04917763, with a registered address at DT10 2DT, Sturminster Newton, Dorset, Folly View, Back Lane, Kingston.

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