Terrington Machinery Limited

Terrington Machinery Ltd from Fakenham UK: a small, active company founded 30 years ago, employs five people, and holds £584,018 in assets. It operates from a virtual address, managed by three directors and two owners, and is a family business with a respectable Google rating of 4.0 based on 15 reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances, with parts imported roughly every two months, the last operation dating back to May 2016.

The company's website showcases a range of agricultural machinery, primarily from European manufacturers like Einbock, Baertschi, and Falc. It seems to operate primarily as a distributor, with a focus on grassland care, crop care, tillage, seeding, and fertilising equipment. The site features client testimonials praising the company’s service and product quality, and it actively promotes its newsletter signup. It also has a dedicated section for "News" and "Tweets" – suggesting a desire to engage with its audience. The business appears to be primarily B2B, catering to farmers and agricultural businesses. It's clear that the company has a physical presence, with an address listed in Market Lane, Terrington St Clement, Kings Lynn, Norfolk.

Financially, Terrington Machinery Ltd presents a mixed picture. While current assets increased by 8% to £580,000, net assets also jumped by 41% to £320,000, suggesting a healthy growth in equity. Bank borrowings decreased significantly by 46% to £60,000, which is a positive sign. However, cash reserves dipped by 20% to £200,000. Creditors also decreased by 37%, indicating improved debt management. 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 agility. There is no auditor mentioned, likely due to the company's small size and exemption from an audit.

Overall, Terrington Machinery Ltd seems to be a stable, family-run business navigating the challenges of importing and distributing agricultural machinery. While the decline in cash reserves warrants monitoring, the company's strong customer reviews and improved debt management suggest a resilient operation.

Registered in England/Wales under the registration number 03003936, with a registered address at NR21 9DY, Fakenham, Norfolk, 10 Oak Street.

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