Tibbs Machinery Solutions Ltd

Tibbs Machinery Solutions Ltd, based in Chilcompton, UK, is a small, active company founded eight years ago. With three employees and £161,456 in assets, it's a solo-founded operation managed by a single director and owner, Richard Tibbs. The company is an irregular importer, primarily dealing in optical and medical tools and devices, with recent import activity recorded two months ago.

The company's website reveals a specialist agricultural machinery business. It offers guidance steering, planting, seeding, flow application control, and data management solutions, catering to the precision farming sector. They partner with leading technology suppliers like Garford Machinery, Trimble Agricultural, and Spectrum Technologies, offering bespoke solutions. The business has roots in Richard Tibbs’ career as an agricultural engineer, starting in 2014 and growing to include a range of specialist contracts.

Financially, Tibbs Machinery Solutions Ltd shows a mixed picture. Current assets increased by 24% to £160,000, but equity dropped 31% to £25,000. Cash reserves fell 81% to £7,800, while bank borrowings surged. Trade debtors also increased significantly, by 57%. Creditors rose by 38%, suggesting increased reliance on external funding. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the decline in equity is a concern. With no auditor mentioned, the figures are unaudited.

Overall, Tibbs Machinery Solutions Ltd appears to be navigating a challenging financial landscape, likely reflecting the pressures of a small business in a specialized sector. The company’s focus on precision agriculture and partnerships with leading technology suppliers suggests a commitment to innovation—but sustaining growth will depend on managing its finances effectively.

Registered in England/Wales under the registration number 10323972, with a registered address at BA3 4ET, United Kingdom, Chilcompton, Radstock, 2 Northisde, Wells Road.

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