South West Handling Ltd

South West Handling Ltd from Okehampton UK: a small, active company founded five years ago, employs 17 people, and holds £2,497,048 in assets. It's a family business with a stellar 5.0 Google rating from 17 reviews, boasting two directors and two owners. The company irregularly imports machinery, boilers, and mechanical appliances—parts, with just one month of import activity recorded as of July 2022.

The company’s website reveals it’s a prominent Merlo franchised dealer of Agricultural Construction equipment throughout Devon and West Somerset, covering sales, parts, and servicing. Established in 1994, Southwest Handling was purchased in 2021 by Tom and Jo Banbury, who continue to build on a successful business. The site highlights a wide range of machinery from brands like Merlo, Cast Loaders, and Corvus UTV, and offers new and used equipment, attachments, and hire services. It even provides fabrication, repairs, and servicing—a one-stop shop for agricultural and construction needs.

Financially, South West Handling Ltd presents a mixed picture. While current assets increased by 15% to £2,500,000, net assets grew by 29% to £200,000. Bank borrowings decreased by 22% to £170,000, which is a positive sign. However, bank overdrafts increased significantly by 180% to £52,000, and creditors rose by 30% to £500,000—suggesting increased reliance on short-term financing. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increased overdraft and creditors warrant close attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company's financial data also reveals some interesting trends. Accumulated amortisation impairment intangible assets increased by 50%, while accumulated depreciation impairment property plant equipment rose by 39%. Average number of employees during the period increased by 6%, and cash bank on hand grew by 27%. However, future minimum lease payments under non operating leases remained constant. The company’s focus on servicing and parts, combined with its strong Google rating, suggests a solid foundation for future growth—though careful management of its finances will be crucial.

Registered in England/Wales under the registration number 12088667, with a registered address at EX20 2QU, England, Okehampton, Devon, South West Handling Ltd, Whiddon Down.

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