Paynes Turf Limited

Paynes Turf Ltd from Clacton On Sea UK: a small, active company founded 14 years ago, employs 12 people, and holds £2,538,384 in assets. It’s a real address, managed by three directors and three owners, and operates as a family business with a stellar 5.0 Google rating based on 60 reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances; parts, with recent activity recorded just one month ago.

Paynes Turf Ltd specializes in turf supply, operating as a grower and supplier of premium turf, topsoil, and grass seed. Their website highlights a commitment to quality, offering next-day delivery and catering to both professional landscapers and homeowners. They boast over 50 years of experience, supplying turf to prestigious locations like Westminster Abbey and the Olympic Park. The company grows turf on over 1500 acres of quality land, utilizing a plastic-free growing process, and has harvested over 50 million square meters of premium turf. Their website also includes helpful insights, tips, and a free laying guide, demonstrating a focus on customer education and support.

Financially, Paynes Turf Ltd shows some concerning trends. Accumulated amortisation impairment of intangible assets increased by 33%, while accumulated depreciation impairment of property, plant, and equipment rose by 62%. Average number of employees doubled to 24, which could indicate expansion or increased workload. However, cash bank on hand surged by 98%, suggesting improved liquidity. Conversely, corporation tax payable jumped dramatically, rising 900% to £160,000, and creditors decreased by 29%, which is good. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in amortisation and depreciation may signal investments in equipment or assets that haven't yet translated into higher profits. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Paynes Turf Ltd seems to be a thriving business with a strong reputation, but the financial data reveals a need to monitor expenses and manage tax liabilities carefully.

Registered in England/Wales under the registration number 07616047, with a registered address at CO16 9DN, Clacton On Sea, Essex, Hilltop Nurseries Clacton Road, Weeley.

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