Tillett And Hague Technology Limited

Tillett and Hague Technology Ltd, based in Bedfordshire, UK, is a small, active company established 20 years ago. With nine employees and £6,049,248 in assets, it operates from a real address and is overseen by three directors and two owners. The company regularly imports and exports electrical machinery and equipment, with 14 months of import activity and 42 months of export activity recorded.

The company's website highlights its focus on computer vision guidance and control technology for agriculture. It develops and manufactures complete control systems for machinery manufacturers, primarily targeting field crop protection, particularly weed control. The technology accurately guides crop protection tools, offering a sustainable way forward for farmers. Applications include precision alignment of cultivators, band spraying equipment, and even locating and treating individual plants mechanically, chemically, or with biological controls. The website also features manuals, videos, and a history section, demonstrating a commitment to both innovation and customer support.

Financially, Tillett and Hague Technology Ltd shows some concerning trends. Cash bank on hand decreased by 26% to £3.9 million, while creditors dropped significantly by 76% to £200,000. Trade debtors, however, increased by a substantial 130% to £880,000, which could indicate difficulties in collecting payments. Equity also declined by 3.6% to £5.9 million. Despite these challenges, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 25 employees) allows for agility. The unaudited accounts, exempt due to its small size, rely on director-reported data.

The company’s focus on agricultural technology, coupled with a decline in cash reserves, suggests it may be reinvesting heavily in research and development or facing increased competition. It’s a situation that warrants close monitoring, but the company’s long-standing presence and focus on sustainable solutions position it for potential future success.

Registered in England/Wales under the registration number 05423561, with a registered address at MK45 5DG, Bedfordshire, 83 Mill Lane, Greenfield, Bedford.

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