Newquip Limited

Newquip Limited, based in Northallerton, UK, is a large, active family business established 19 years ago. With 37 employees and £15.4 million in assets, the company generates £26.7 million in yearly revenue. A real address is registered, and the company is managed by one director and two owners. Google users rate it 4.0 stars based on 12 reviews. Newquip specializes in importing machinery, boilers, and mechanical appliances, with 305 months of import activity recorded.

The company’s core business revolves around supplying agricultural machinery, equipment, and supplies, acting as the sole UK distributor for Big Dutchman, a renowned manufacturer. Their website showcases a wide range of products and services, including poultry and pig housing systems, milling equipment, and packing solutions. While they don’t appear to be directly involved in e-commerce, their website serves as a detailed catalog and information hub for their offerings. They also provide services like installation, maintenance, and disaster recovery for pianos.

Financially, Newquip Limited presents a mixed picture. While turnover increased by 32%, reaching £26.7 million, net assets decreased by 21% to £14.7 million. Bank borrowings surged by 100%, reaching £1.3 million, and cash reserves fell by 26% to £3.5 million. Creditors decreased by 15%, suggesting improved debt management. The company meets two of three criteria for a large company, indicating a substantial operation. The audit firm, Smailes Goldie Watson Limited, conducted the audit, providing a degree of assurance.

The company’s focus on specialized agricultural equipment and its partnership with Big Dutchman suggest a niche market strategy. The decline in net assets and increased borrowings, however, raise questions about the company’s financial health. Whether Newquip can sustain its growth and maintain its strong reputation remains to be seen.

Registered in England/Wales under the registration number 05465512, with a registered address at DL7 9EE, Northallerton, North Yorkshire, Nq House Conygarth Way, Leeming Bar Business Park Leeming Bar,.

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