Townend Plant & Machinery Limited

Townend Plant & Machinery Ltd, based in Huddersfield, UK, is a small, active company founded 23 years ago in 02. With £751,384 in assets and a real address, it’s a family-run operation with four directors and one owner, who is also the solo founder. The company holds a stellar 5.0 Google rating from five reviews. It’s a regular importer of machinery, boilers, and mechanical appliances parts, with 40 months of import activity recorded.

The company operates in the wholesale of agricultural machinery, equipment and supplies industries. Its website, eric-townend.co.uk, showcases a wide range of new and used farm machinery and parts, from tractors and mowers to hydraulic fittings and PPE. The site also features an online parts shop, allowing customers to search and buy directly. It’s clear that the business caters to farmers and agricultural professionals, offering both new equipment and replacement parts. The site also has a blog with useful content, reinforcing their expertise.

Financially, Townend Plant & Machinery Ltd presents a mixed picture. Current assets increased by 15% to £750,000, while net assets also rose by 10% to £570,000. However, bank borrowings decreased significantly by 5.5% to £300,000. Cash reserves have vanished completely, dropping 100% to £0. Trade debtors increased by 33%, which could indicate a need for improved cashflow management. Creditors also increased, rising by 5.5% to £300,000. The company meets the criteria for being a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no auditor mentioned, which is common for small companies.

Overall, Townend Plant & Machinery Ltd appears to be a stable, well-regarded business, but the sudden disappearance of cash reserves is something to keep an eye on. The company’s long history and strong online presence suggest a loyal customer base, but managing cashflow will be crucial for continued success.

Registered in England/Wales under the registration number 04419401, with a registered address at HD7 4PE, Huddersfield, West Yorkshire, Lockwoods Farm, Scapegoat Hill.

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