Richard Western Limited

Richard Western Limited, based in Woodbridge, UK, is a well-established family business with a 48-year history. The company, currently active, employs 61 people and holds assets totaling £3,329,000. It’s a large company, meeting two of three criteria for size: turnover exceeding £36 million, a balance sheet total over £18 million, and more than 250 employees. The company operates from a real address and is overseen by three directors and two owners. Richard Western Limited specializes in the manufacture of trailers and semi-trailers, regularly importing machinery, boilers, and mechanical appliances (parts) and exporting vehicles, parts, and accessories (excluding trains and trams).

The company’s website, salesrichardwestern.com, showcases a range of agricultural farm trailers, manure spreaders, and other products. It emphasizes quality, reliability, and efficiency, catering to modern agricultural challenges. The site also features testimonials from satisfied customers, highlighting the performance and strength of Richard Western’s products. The company has a dealer network spanning the UK, Ireland, Australia, Canada, Europe, New Zealand.

Financially, Richard Western Limited presents a mixed picture. While average number of employees increased slightly by 1.6%, administrative expenses rose significantly by 24%. Bank borrowings increased by 34%, and bank overdrafts by a substantial 140%, suggesting increased reliance on financing. However, creditors decreased by 42%, which could indicate improved debt management. Current assets fell by 22%, and net assets increased by 16%. The company’s audit firm is Jamieson Alexander Audit Limited. The company’s financial statements are prepared in accordance with FRS 102.

The increase in administrative expenses and bank borrowings, coupled with the decrease in current assets, could indicate growing operational costs or investments in expansion. However, the decrease in creditors and the increase in net assets suggest the company is managing its liabilities effectively. The company’s continued focus on quality and customer satisfaction, as evidenced by its website and testimonials, positions it well for future success.

Registered in England/Wales under the registration number 01296660, with a registered address at IP13 9RP, Woodbridge, Suffolk, D'Urbans Farm, Framlingham.

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