Tarrant Machines Ltd.

Tarrant Machines Ltd from Bradford UK: a small, active company founded 30 years ago, is facing some financial challenges. Accounts and confirmation statements are overdue by a year, and while it employs four people and holds £149,214 in assets, the business operates with a single director and owner – the solo founder. It’s a regular importer of machinery, boilers, and mechanical appliances, with 29 months of import activity recorded, the last in October 2023. It also exports miscellaneous metal items, though irregularly, with just one month of export activity as of February 2023.

The company's website, Tarrant Machinery, focuses on selling used trucks and trailers, offering a range of brands like Freightliner, Hino, and Volvo. It’s a family-owned business based in Armidale, NSW, Australia, providing custom truck body work and selling equipment at reasonable prices. The site also advertises new and used shipping containers.

Financially, Tarrant Machines Ltd is showing some concerning trends. Net assets have plummeted 110% to -£36,000, and net current assets have turned negative, dropping 110% to -£1,600. Cash reserves have fallen 16% to £16,000, while bank borrowings have decreased slightly. Creditors have increased by 26%, and trade debtors have surged 74%. Although the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the significant drop in equity suggests potential cash flow issues. No auditor is mentioned, meaning the financial statements are unaudited.

The company’s focus on used truck sales and custom body work appears to be a solid business model, but the financial data indicates a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 03008041, with a registered address at BD15 0DX, England, Bradford, West Yorkshire, G1 Spring Mill Main Street, Wilsden.

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