SANDS AGRICULTURAL MACHINERY LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.2 in the financial statements, which indicates that the current level of uncertainty surrounding and pressure upon the agricultural sector is such that the directors cannot guarantee the required volume of new machine sales in order to continue to operate within existing facilities can be met. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

1. SANDS AGRICULTURAL MACHINERY LIMITED 1978-12-31 → present
2. FELTRARE FARMS LIMITED 1973-12-19 → 1978-12-31

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Larking Gowen LLP

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“We draw attention to note 2.2 in the financial statements, which indicates that the current level of uncertainty surrounding and pressure upon the agricultural sector is such that the directors cannot guarantee the required volume of new machine sales in order to continue to operate within existing facilities can be met. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Significant events

• “In December 2024 the Company moved into a brand new purpose built factory in Catfield with production from this site commencing from early 2025. During the year the freehold property at this site was sold to a related pension scheme to enable the funding to be in place to finish the build-out of the new factory.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +13.8%

  £11,564,827 → £13,163,483

• Cash

  -84.5%

  £540,287 → £83,749

• Net assets

  -6.7%

  £3,419,158 → £3,188,609

• Employees

  -2.1%

  48 → 47

• Operating profit

  +83.4%

  -£2,164,529 → -£359,695

• Profit before tax

  +80.8%

  -£2,203,917 → -£422,276

• Wages

  +20.8%

  £1,742,271 → £2,104,867

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers