Machinery sales

[7610 super q]

They are a totally different company since Alan Rogers retired. It looks to me, I may well be wrong, that Claas have a share in the business now. We used to buy most of our machinery from them but I don't feel any loyalty towards them these days. We have had a couple of issues with parts warranties and have had to end up paying twice on both occasions. This would never have happened in AR's era.

There have been rumors about that companies demise......for as long as I can remember.
Yet they have consistently been in the top 10 most profitable companies in Wales.
Even if they are not selling many Claas tractors, the Manitou, grassland equipment, and construction machinery sales would easily keep them afloat, I would have thought.

 

[Chae1]

Its one of the drawbacks of running a limited company with accounts easily available on the web.

However, accounts can hide a multitude of sins. Stock valuation is one variable. The value of dividends and who gets them is another. The salaries of key people might be hidden in there somewhere as well.
For a small family company not hell-bent on expansion, there is seldom a reason for exaggerating profits, although I can think of one or two. Interpreting accounts is not entirely straightforward without knowing more about the business, the aims and ambitions and other business of the principals, which is nobody's business but that of the shareholders and managers, the taxman and bankers.

I've never felt compelled to view any body's finances online. A limited company pays lower rate tax? So every reason to exaggerate profits? No that I would ever consider such a thing though. Plus all the sad nosey feckers think your making a fortune!

 

[Goweresque]

I've never felt compelled to view any body's finances online. A limited company pays lower rate tax? So every reason to exaggerate profits? No that I would ever consider such a thing though. Plus all the sad nosey feckers think your making a fortune!

The main reason for it being public is that a company gives limited liability, which is a huge benefit to a business, or rather the individuals who own that company. If you don't want people being able to look at your financial affairs, run as a sole trader or partnership, then its all entirely between you and HMRC, but you have unlimited risk of course. But if you expect to be able to walk away from a business that goes bust without having to pay creditors out of your own pockets then the price you pay is financial transparency so people who plan to do business with you can see if you're a good risk.

 

[Cowabunga]

There have been rumors about that companies demise......for as long as I can remember.
Yet they have consistently been in the top 10 most profitable companies in Wales.
Even if they are not selling many Claas tractors, the Manitou, grassland equipment, and construction machinery sales would easily keep them afloat, I would have thought.

The accounts are there, in the public domain, for you to make an educated judgement. It can't foretell the future though.

 

[7610 super q]

The accounts are there, in the public domain, for you to make an educated judgement. It can't foretell the future though.

Ah, I've not seen them.....I take it things aren't tickety-boo then...........

 

[Cowabunga]

Ah, I've not seen them.....I take it things aren't tickety-boo then...........

Read my earlier post and put it in the context of their accounts which are freely and fully available on the web.
Its still a big business, operating in difficult time both for farmers and for themselves, who rely on farmer's discretionary spending.