Paul Vidgen Forest Machines Limited

Paul Vidgen Forest Machines Limited, based in Ascot, UK, is a small, active company established eleven years ago. With a single employee and £936,387 in assets, it operates from a real address and is managed by one director and owner. Boasting a perfect 5.0 Google rating from one review, the company is a regular importer of machinery, boilers, and mechanical appliances; parts, with 66 months of import activity recorded. The business operates within the wholesale of agricultural machinery, equipment and supplies industries.

The company’s website is currently unavailable, making it difficult to ascertain the specifics of its operations beyond the import activity. It’s unclear if the company has an e-commerce presence or primarily engages in business-to-business transactions.

Financially, Paul Vidgen Forest Machines Limited presents a mixed picture. Cash bank on hand has significantly increased by 130%, reaching £350,000, a positive sign of improved liquidity. However, trade debtors have decreased by a substantial 61%, falling to £24,000—potentially indicating slower payments from customers. Creditors have also risen considerably, increasing by 74% to £640,000, and taxation social security payable has surged by 230% to £94,000. Despite this, net assets have improved by 13%, reaching £350,000. The company meets two of three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company's financial statements were prepared under FRS 102 and are unaudited, likely due to its small size.

The increase in cash reserves suggests the company is managing its working capital effectively, but the rise in creditors and taxation payable warrants closer attention. It's possible that the company is investing in inventory or expanding its operations, leading to increased short-term liabilities. The lack of an auditor mentioned further reinforces the reliance on director-reported data.

Registered in England/Wales under the registration number 08779426, with a registered address at SL5 7QP, Ascot, Berks, Forest Keep, Watersplash Lane.

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