Read Agriservices Limited

Read Agriservices Ltd from Shepton Mallet, UK, is a small, family-run business with an active status, established 22 years ago. Employing 26 people, the company holds £3,881,195 in assets and operates from a real address. With four directors and two owners, it’s a well-structured operation, earning a stellar 5.0 Google rating from 68 reviews. They’re regular importers of machinery, boilers, and mechanical appliances, with parts imported for the last three months.

The company’s website reveals a diverse range of services, from supplying farm equipment and manufacturing steel buildings to offering general fabrication and selling garden equipment, DIY tools, and plumbing supplies. They also import and sell used agricultural machinery, including tractors, ATVs, and grassland equipment. The site functions as an e-commerce platform, allowing customers to browse and purchase products online. They even have a section for ornamental steel work, like estate fences and gates.

Financially, Read Agriservices Ltd shows a mixed picture. Current assets increased slightly to £3.9 million, while net assets grew by 8.5% to £3.1 million. However, bank borrowings increased by 2,400% to £29,000, and cash reserves fell 7% to £300,000. Trade debtors decreased by 20%, suggesting better debt management. Creditors also decreased by 16%, which is a good sign. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned is likely due to its small size and exemption from an audit.

Overall, Read Agriservices Ltd seems to be a stable, well-regarded business, though it is facing some financial pressures. The company’s diverse offerings and strong online presence position it well for continued success, but careful management of its finances will be essential.

Registered in England/Wales under the registration number 04693580, with a registered address at BA4 4SY, United Kingdom, Shepton Mallet, Somerset, Read Agriservices Limited Station Road, Wanstrow.

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