Wilsons Contractors Limited

Wilsons Contractors Ltd from Preston UK: a small, active company founded nine years ago, employs three people, and holds £5,688,420 in assets. It’s a family business with three directors and two owners, operating from a real address. The company regularly imports machinery, boilers, and mechanical appliances; parts, with the last import operation occurring five months ago. It’s a small business as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company's website reveals it's an agricultural contracting business located near Sauchen, Aberdeenshire, offering services like ploughing, muck spreading, and sowing. Wilson Contractors specialises in precision farming, utilizing RTK GPS technology. The site also showcases a partnership with "Grassmen," a YouTube channel featuring agricultural content, including a segment with Wilson Contractors discussing new machinery for sale. The website has a blog, and there are videos of the company's operations.

Financially, Wilsons Contractors Ltd shows a mixed picture. Accumulated amortisation has increased by 14%, while depreciation on property, plant, and equipment has also risen by 17%. Bank borrowings have decreased significantly, dropping 90%, but overdrafts have increased by 27%. Creditors have increased by 3.2%, and net assets have jumped 37%. While trade debtors have fallen by 17%, work in progress has increased by a massive 120%. The company's small size helps it remain flexible, but the increase in overdrafts warrants attention. No auditor is mentioned, as the company is likely exempt from an audit as a small company.

Overall, Wilsons Contractors Ltd appears to be navigating a period of change. While the company’s assets have increased, the increase in overdrafts suggests it may be burning through cash to fund operations.

Registered in England/Wales under the registration number 09699576, with a registered address at PR5 0UE, United Kingdom, Preston, Lancashire, Church House Farm Potters Lane, Samlesbury.

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