Truro Farm Machinery Limited

Truro Farm Machinery Ltd from Truro UK is a small, family-run business with an active status, having been founded 41 years ago in 1983. Employing 15 people, the company holds £3,328,697 in assets, but operates from a virtual address – a fact that means 42 companies are registered at the same location. With three directors and two owners, the business is a long-standing presence in the agricultural machinery sector. It's an irregular importer of machinery, boilers, and mechanical appliances, with parts imported for two months, and a regular exporter of the same, with four months of export activity.

The company operates as an agent involved in the sale of machinery, industrial equipment, ships and aircraft. While it doesn't appear to have an active e-commerce website, its core business seems focused on facilitating sales rather than direct online retail.

Financially, Truro Farm Machinery Ltd presents a mixed picture. Creditors increased significantly by 42%, reaching £1,100,000, while trade debtors decreased by 61%, dropping to £470,000. Cash reserves also fell by 110%, resulting in a negative balance of -£13,000. Despite these challenges, net assets remained stable at £2,100,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The decrease in cash reserves, however, suggests the company may be burning through money, although the increase in creditors could be due to expanding operations. With no auditor mentioned, the financial data relies on unaudited statements. The company’s long history and family ownership likely provide stability, but the recent financial trends warrant close monitoring.

Registered in England/Wales under the registration number 01755670, with a registered address at TR1 1DG, Truro, Cornwall, The Old Carriage Works, Moresk Road.

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