Portequip Limited

Portequip Ltd, based in Wigtownshire, UK, is a small, family-run business with an active status. Established 30 years ago in 1995, the company employs 30 people and holds £1,275,899 in assets. It has a real registered address and is overseen by three directors and two owners. Google reviews are stellar, boasting a 5.0 rating from 22 reviews. The company is an irregular importer of electrical machinery and equipment, with just one month of imports recorded as of February 01, 2024.

Portequip’s website highlights its focus on agricultural equipment, particularly calf creep feeders, bull beef feeders, and cattle feed trailers. The company’s history dates back to 1978 when a young farmer in Northern Ireland had an idea to feed calves more efficiently. The business has since evolved, building a reputation for high-quality and durable equipment, and now offers a range of transport solutions alongside its manufacturing operations. The website emphasizes its commitment to serving the agricultural community in the UK and Ireland, with a focus on providing affordable machinery and equipment.

Financially, Portequip Ltd shows a mixed picture. While cash reserves increased by a healthy 24% to £510,000, current assets only rose slightly by 3.3% to £1,300,000. Trade debtors decreased by 14%, which could be a positive sign of better credit control. However, bank borrowings increased by 2.6% to £56,000, and net assets only increased by a modest 2.4% to £990,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increased borrowings are something to keep an eye on. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Portequip Ltd seems to be holding its own, continuing to serve the agricultural sector with its range of equipment and transport services. The family-run nature of the business, combined with its long history, suggests a stable foundation, but the increased borrowings warrant monitoring in the coming years.

Registered in Scotland under the registration number SC156559, with a registered address at DG8 6RD, Wigtownshire, Penninghame Home Farm, Newton Stewart.

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