Mearns Tractors Limited

Mearns Tractors Limited, based in Laurencekirk, UK, is a small, active company founded 21 years ago in 2003. With just one employee and £142,453 in assets, it’s a solo founder operation managed by five directors. The company maintains a real address and boasts a stellar 5.0 Google rating based on two reviews. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with its last import activity recorded two months ago in July 2019.

The company’s website describes Mearns Tractors Limited as operating in the wholesale of agricultural machinery, equipment and supplies, and the repair and maintenance of other transport equipment. It also lists a few employee names, including farmers and a secretary. The company’s website also reveals that it’s a machine repair service, and it’s a private limited company registered in Scotland.

Financially, Mearns Tractors Limited presents a mixed picture. Current assets have fallen by 45%, dropping to £140,000, while net assets have plummeted 63%, reaching just £72,000. Bank borrowings have decreased significantly, falling by 100% to zero, and cash reserves have increased by 940% to £15,000. Creditors have increased by 520%, reaching £430,000, and trade debtors have fallen by 51%, to £54,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the sharp decline in equity raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Mearns Tractors Limited is facing some financial challenges, but its strong Google rating and focus on agricultural machinery suggest it has a loyal customer base. Whether it can overcome these pressures and sustain its operations remains to be seen.

Registered in Scotland under the registration number SC261246, with a registered address at AB30 1RL, Laurencekirk, Kincardineshire, East Drumhendry, East Drumhendry.

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