Tibbs Machinery Solutions Ltd
- Active
- Small
- 9 years
- 3 employees
- £127,328 (cur assets)
- 0-1m
- Regular importer
- Real address
- 1 director
- 1 owner
- Solo founder
- Chilcompton
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Tibbs Machinery Solutions Ltd, based in Chilcompton, UK, is a small, active company founded eight years ago. With three employees and £161,456 in assets, it's a solo-founded operation managed by a single director and owner, Richard Tibbs. The company is an irregular importer, primarily dealing in optical and medical tools and devices, with recent import activity recorded two months ago.
The company's website reveals a specialist agricultural machinery business. It offers guidance steering, planting, seeding, flow application control, and data management solutions, catering to the precision farming sector. They partner with leading technology suppliers like Garford Machinery, Trimble Agricultural, and Spectrum Technologies, offering bespoke solutions. The business has roots in Richard Tibbs’ career as an agricultural engineer, starting in 2014 and growing to include a range of specialist contracts.
Financially, Tibbs Machinery Solutions Ltd shows a mixed picture. Current assets increased by 24% to £160,000, but equity dropped 31% to £25,000. Cash reserves fell 81% to £7,800, while bank borrowings surged. Trade debtors also increased significantly, by 57%. Creditors rose by 38%, suggesting increased reliance on external funding. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the decline in equity is a concern. With no auditor mentioned, the figures are unaudited.
Overall, Tibbs Machinery Solutions Ltd appears to be navigating a challenging financial landscape, likely reflecting the pressures of a small business in a specialized sector. The company’s focus on precision agriculture and partnerships with leading technology suppliers suggests a commitment to innovation—but sustaining growth will depend on managing its finances effectively.
Registered in England/Wales under the registration number 10323972, with a registered address at BA3 4ET, United Kingdom, Chilcompton, Radstock, 2 Northisde, Wells Road.
WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Owners & PSC
-
Individual
- 2 years
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 9 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted ten months ago.
Last news
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Total exemption full accounts made up to 2025-03-31Download 8 pages pdf report
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Confirmation statement made on 2025-08-09 with no updatesDownload 3 pages pdf report
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Total exemption full accounts made up to 2024-03-31Download 8 pages pdf report
Importer profile by HS codes
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Import HS codes in detail
Last imported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
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