Opico Limited

Opico Ltd, hailing from Bourne, UK, is a substantial player in the agricultural machinery distribution sector. Established eighteen years ago, this holding company employs forty-two people and boasts assets of £5,903,613, with an impressive yearly revenue of £18,803,709. The company maintains a real address and is overseen by three directors and a single owner. A strong 4.0 Google rating from thirteen reviews speaks to customer satisfaction. Opico is a regular importer and exporter of machinery, boilers, and mechanical appliances; parts, with a long history of import activity (303 months) and a more recent export record (15 months).

The company’s website paints a picture of a long-standing business with a rich heritage. Originally founded as the daughter company of an American agricultural machinery export business, Opico introduced innovative machinery lines to the UK, including the pioneering recirculating batch grain dryer. The company’s current focus is on distributing machinery from brands like HEVA, Strautmann, Ovlac, FarmDroid, and others. They’re also involved in high-tech solutions like the FarmDroid FD20, an automated seeding and weeding robot. The website highlights their commitment to innovation, customer support, and genuine parts, with a dedicated team of engineers and product specialists.

Financially, Opico Ltd shows some concerning trends. While turnover increased by 7%, the company's net assets declined by 10% to £4.4 million. Bank borrowings increased significantly, reaching £150,000, and cash reserves fell by 12% to £330,000. Creditors also increased by 18%, suggesting a greater reliance on external financing. Despite these challenges, the company's large size (meeting two of three criteria for a large company: turnover over £36 million and balance sheet total over £18 million) and its established brand name suggest resilience. The lack of a mention of an auditor indicates that the company is likely exempt from an audit, relying on unaudited financial statements. Overall, Opico Ltd appears to be navigating a period of financial pressure, but its long history and focus on innovation position it for continued success.

Registered in England/Wales under the registration number 06175803, with a registered address at PE10 9LA, Bourne, Lincolnshire, Cherry Holt Road.

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