Platts Agriculture Limited

Platts Agriculture Ltd from Llay UK is a large company, holding company, with an active status. Founded 44 years ago in 1980, it employs 49 people and holds assets worth £2,111,882. The company has a real address, is managed by three directors, and is owned by one individual. It boasts a Google rating of 4.0 based on 18 reviews. Platts Agriculture Ltd regularly imports machinery, boilers, and mechanical appliances, including parts (with a three-month import history), and exports similar items (with a four-month export history).

The company operates in the other manufacturing n.e.c. industries. It’s a large company, having met two of three conditions: turnover more than £36 million, balance sheet total more than £18 million, and employees more than 250. The company’s registered address is LL12 0PJ, Llay, Wrexham, Miners Park Miners Road, Llay Industrial Estate North.

Platts Agriculture Ltd is a regular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, totaling 3 months of imports. The last import operation was conducted on July 01, 2024. The company is a regular exporter, with its top export categories including Machinery, boilers, and mechanical appliances; parts, totaling 4 months of exports. The last export operation took place on August 01, 2023.

Financial analysis reveals a mixed picture. While current assets increased by a modest 6.9%, net assets experienced a more significant drop of 31.0%. Bank borrowings have risen by 5.3%, and cash reserves have also declined by 57.0%. Creditors decreased by 43.0%, which is a positive sign. The company's staff costs employee benefits expense decreased by 48.0%, and the average number of employees during the period fell by 37.0%. The company's auditor is DSG.

It's worth noting that the company’s net loss deepened significantly, increasing by 1500.0%, which suggests the company is burning through money. The decrease in staff costs could be a response to this, but it could also indicate a restructuring or change in operational strategy. The significant drop in net assets raises questions about the company’s long-term financial health, though the decrease in creditors suggests better debt management.

Registered in England/Wales under the registration number 01500964, with a registered address at LL12 0PJ, Llay, Wrexham, Miners Park Miners Road, Llay Industrial Estate North.

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