Mike Garwood Ltd

Mike Garwood Ltd is a small, active company based in Hampshire, UK, with a 20-year history. Founded in 2004, it employs 18 people and holds assets of £3,546,257. The company, a family business with two directors and two owners, operates from a real address and is a regular importer of machinery, boilers, and mechanical appliances, though import activity has been irregular, with the last operation in July 2022.

The company’s primary focus is agricultural engineering, offering sales and service for a range of franchises including Case IH, Kuhn, and Marshall. Its website highlights a diverse product range, from new and used tractors to parts and maintenance services. They also offer a wide variety of other agricultural and horticultural franchises. The business caters to customers in Hampshire, Isle of Wight, Surrey and Sussex.

Financially, Mike Garwood Ltd shows some concerning trends. Cash bank holdings have fallen by 10% to £1.1 million, while trade debtors have increased dramatically by 120% to £1 million. Creditors have also risen significantly by 70% to £990,000. Despite this, current assets have increased by 23% to £3.5 million. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the increase in debt warrants attention. The company’s retained earnings have also increased by 11% to £2.6 million. There’s no auditor mentioned, which is common for small companies.

Registered in England/Wales under the registration number 05156943, with a registered address at RG27 8BX, Hampshire, South Lodge, Winchfield, Hartley Wintley.

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