R.j. Bateman (engineering) Limited

R.J. Bateman (Engineering) Limited, based in Newport, UK, is a large, active company established 44 years ago. Employing 90 people and boasting assets of £10,841,145, it’s a significant player in its sector. Despite having a registered address, it's flagged as a virtual address, as 472 companies share the same location. The company is steered by two directors and two owners, and consistently receives high praise with a Google rating of 5.0 based on nine reviews.

The company specializes in manufacturing and exporting agricultural crop spraying machinery. Its website highlights a range of self-propelled crop sprayers, alongside legacy models and parts, catering to farmers and contractors. It also appears to have a separate division focused on piano restoration, operating from Cambridge and even showcasing in Harrods.

Financially, R.J. Bateman (Engineering) Limited presents a mixed picture. While turnover increased by 11% to £18 million, net assets decreased by 4% to £8.8 million. Cash reserves took a significant hit, falling 48% to £1.6 million. Bank borrowings, however, surged 1,300% to £2.7 million – a notable shift. Creditors also increased by 31% to £1.5 million, suggesting potentially tighter payment terms. The company meets the criteria for a large company, having met two out of three conditions: turnover exceeding £36 million and balance sheet total exceeding £18 million. The company was audited by UHY Hacker Young.

The sharp increase in bank borrowings and decrease in cash reserves could indicate investment in expansion or perhaps a response to rising costs. The continued growth in turnover, however, suggests that the company's core business remains strong. The dual focus on crop spraying machinery and piano restoration, while potentially diversifying risk, also adds complexity to the business model.

Registered in England/Wales under the registration number 01497923, with a registered address at NP20 2DW, United Kingdom, Newport, Gwent, Bradbury House, Mission Court.

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