Used-machinery.com Ltd

Used-machinery.com Ltd, based in Wellingborough, UK, is a small, active company founded seven years ago in 2017. With two directors and two owners, the company employs just two people and holds £743,513 in assets. It operates from a real address and is regularly importing and exporting machinery, boilers, and mechanical appliances, with parts being imported for five months and exported for eleven months.

The company’s website highlights a focus on used machinery trade, offering a wide range of products from plasma cutters to lathes and saws. It emphasizes quality, warranty inclusion, and worldwide delivery, with a dedicated section for recently sold items and a form for clients to request specifics or similar machinery. The site also features a "machinery trade-in" program, encouraging customers to exchange their old machines for new ones, and a showroom location in Aberdeen. It's a family-run business with a focus on detecting good working machinery and recovering used equipment.

Financially, Used-machinery.com Ltd shows a mixed picture. Cash bank on hand increased significantly by 200% to £120,000, while current assets decreased slightly by 0.74% to £740,000. Bank borrowings increased by 98% to £20,000, and creditors decreased by 15% to £560,000. Net assets increased by 170% to £170,000, and trade debtors decreased by 45% to £260,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to be agile, but the decrease in trade debtors could be a sign of payment issues. There's no auditor mentioned, so the figures are unaudited.

Overall, Used-machinery.com Ltd appears to be financially stable, with increased cash reserves. However, the decrease in trade debtors and the increase in bank borrowings suggest a need to manage cash flow more effectively. The company's focus on used machinery trade and its commitment to customer service position it well in the market, but continued monitoring of its financial performance is essential.

Registered in England/Wales under the registration number 11092995, with a registered address at NN8 4TG, England, Wellingborough, 20 Vaux Road, Finedon Road Industrial Estate.

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