Tractor Hire Limited

Tractor Hire Limited, based in Newport, UK, is a small, family-run business with an active status, having operated for 36 years. Employing just two people, the company holds £2,357,431 in assets and boasts a real address, managed by four directors and four owners. It’s a regular importer of vehicles, parts, and accessories—a key aspect of its operations, with 24 months of import activity recorded. The company also engages in irregular exporting, primarily of optical and medical tools and devices, with just one month of export activity.

The company’s website highlights its role as the UK’s leading agricultural machinery hire company, offering a wide range of equipment including tractors, telehandlers, and trailers. Operated by Andrew and John, who bring a combined 40 years of experience in the agricultural and construction industries, Tractor Hire UK caters to both short and long-term vehicle hire needs. The site emphasizes a commitment to environmental performance and provides contact details for Andrew, John, and the office.

Financially, Tractor Hire Limited shows a mixed picture. Current assets increased by 22%, reaching £2,400,000, while net assets grew by 11%, standing at £5,800,000. Bank borrowings decreased by 14%, falling to £460,000, and cash reserves declined by 13%, ending at £400,000. Trade debtors increased by 29%, reaching £1,600,000, while creditors grew by 5.7%, reaching £1,700,000. The company’s small size—meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—helps it remain agile. The growth in trade debtors could indicate a need to improve collection processes. With no auditor mentioned, the financial statements are unaudited.

Overall, Tractor Hire Limited appears to be a stable, family-owned business with a strong focus on agricultural machinery hire. The company’s financial performance suggests a period of growth, although the increase in trade debtors warrants monitoring.

Registered in England/Wales under the registration number 02344338, with a registered address at NP10 8SR, Newport, South Wales, Little Ty Coch, St Brides Wentloog.

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