Rng Agdrive Limited

Rng Agdrive Ltd from Bromyard UK: a small, active company founded 29 years ago, employs three people, and holds £282,925 in assets. It’s a family business with a perfect 5.0 Google rating based on 17 reviews, and operates as a regular importer of vehicles, parts, and accessories (excluding trains and trams), with 52 months of import activity recorded. The company has two directors and two owners, and boasts a real address with only two other companies registered there.

The company’s website highlights its role as the sole UK distributor of Sonamia equipment and a leading supplier to OEMs and aftermarket businesses. It offers a wide range of agricultural axles, spares, wheels, tyres, PTO shafts, and accessories. The business operates from the Linton Industrial Estate in Bromyard, Herefordshire, and provides services including agricultural axle supply, spares, wheels and tyres, and PTO shafts. The website also mentions services like towing eyes, brake shoes, taper bearings, handbrakes, hydraulic cylinders, and brake rams.

Financially, Rng Agdrive Ltd shows some concerning trends. Cash bank on hand decreased by 20% to £120,000, and current assets fell by 20% to £280,000. However, net assets increased significantly by 840% to £14,000, and trade debtors decreased by 37% to £96,000. Bank borrowings increased significantly, and finance lease payments owing within one year decreased by 69%. 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 flexibility, but the decline in cash reserves warrants attention. With no auditor mentioned, the figures are unaudited. The company’s retained earnings have increased substantially, which is a good sign, but the increase in other debtars is something to keep an eye on.

Registered in England/Wales under the registration number 03079137, with a registered address at HR7 4UG, Bromyard, Herefordshire, 138 Winslow Road.

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