Philip Watkins Ltd

Philip Watkins Ltd, based in Rotherham, UK, is a small, active company founded fifteen years ago in 2010. Employing sixteen people, it holds £316,289 in assets and operates from a real address, managed by two directors and a single owner who is also the solo founder. The company enjoys a stellar 5.0 Google rating based on fifteen reviews, reflecting positive customer experiences. It’s a regular importer, specializing in vehicles, parts, and accessories—a trade it’s been engaged in for eighteen months, with the most recent import occurring in February 2025.

The company’s website highlights Philip Watkins Ltd as both an agricultural machinery manufacturer and a specialist in modification and refurbishment. It builds custom equipment, offering mintill and bespoke solutions, and caters to the agricultural industry. The website also mentions new official dealers in Norfolk and Suffolk, suggesting expansion efforts. Events are planned for January 2021 at the NEC in Birmingham, indicating a commitment to industry engagement. The site also showcases a range of products, from tined cultivators to trailers and presses, catering to diverse farming needs.

Financially, Philip Watkins Ltd presents a mixed picture. While cash reserves increased significantly by 90% to £36,000, current assets also rose by 28% to £320,000. However, creditors increased by 19% to £300,000, and net losses deepened. Bank borrowings surged, and trade debtors ballooned, suggesting potential cash flow challenges. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the increased debt and losses warrant close attention. The company is exempt from an audit, so the figures are unaudited.

Overall, Philip Watkins Ltd appears to be a well-regarded agricultural machinery specialist facing the typical pressures of a growing business. The company's focus on custom solutions and its commitment to quality are strengths, but managing its financial health will be crucial for long-term success.

Registered in England/Wales under the registration number 07207232, with a registered address at S66 7QY, England, Rotherham, Hall Farm Lime Kiln Lane, Stainton.

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