The Agricultural Equipment Industry 2008 - Business Ratio
Industry Overview
1. Company Selection
1.1 Industry Definition
This Report covers companies active in the agricultural equipment industry. The Report analyses accounts filed in the three years up to 7 June 2007. Accounts with year ends falling in the 12 months up to 7 June are assigned to the third analysis period, with earlier accounts assigned to previous periods. The companies included in the Report are:
Agricultural Equipment Manufacturers AGCO International Ltd R.J. Fullwood & Bland Ltd McCormick Tractors Intl. Ltd Alamo Group Europe Ltd George Brown's Implts. (Hdgs.) Ltd McVeigh Parker & Co. Ltd Alamo Mnfctrng. Srvcs. (UK) Ltd Glendale Engineering (Milfield) Ltd Midland Steel Traders Ltd Alvan Blanch Development Co. Ltd Hayter Ltd Permastore Ltd L.M. Bateman & Co. Ltd R.J. Herbert Engineering Ltd Ralph Martindale & Co. Ltd Carrs Agriculture Ltd Ifor Williams Trailers Ltd Ruston's Engineering Co. Ltd Chapmans Agricultural Ltd JCB Landpower Ltd Shelbourne Reynolds Engrng. Ltd Clarkes Of Walsham Ltd Kab Seating Ltd Simba International Ltd CNH UK Ltd Kverneland Devizes Ltd Spearhead Machinery Ltd Frank Sutton Ltd McConnel Ltd Teagle Machinery Ltd Agricultural Equipment Wholesalers AGCO Ltd Kramp UK Ltd Same Deutz-Fahr UK Ltd Alo UK Ltd Kubota (UK) Ltd Solus Garden & Leisure Ltd Amazone Ltd Kuhn Farm Machinery (UK) Ltd Spaldings (UK) Ltd Bepco Group Ltd Kverneland Group UK Ltd Sparex Ltd Burrows (GM) Ltd Land Machinery Ltd Tractiv Group Ltd Carrs Billington Agrctre. (Sales) Ltd Lely (UK) Ltd Vapormatic Co. Ltd (The) Delaval Ltd McCormick Macnaughton (NI) Ltd Vistamere Ltd Grimme (UK) Ltd Midland Power Mchry. Dstbtrs. Ltd Westfaliasurge UK Ltd Henderson Grass Machinery Ltd PMC Harvesters Ltd Zetor UK Ltd John Deere Forestry Ltd Ravenhill Ltd Komatsu Forest Ltd Richard Keenan (UK) Ltd Agricultural Equipment Retailers Alexander & Duncan Ltd Holt JCB Ltd Rea Valley Tractors Ltd Anglia Harvesters Ltd R. Hunt (Agricultural Engnrs.) Ltd G. Reekie Group Ltd Ben Burgess & Co. Ltd John Bownes Ltd Rickerby Holdings Ltd Bowring Transport Ltd John A. Seale Ltd Ripon Farm Services Ltd Bredy Agricentre (Dorset) Ltd Johnston Gilpin & Co. Ltd Riverlea Tractors Ltd D. & I. Bridgman & Son Ltd Lister Wilder Ltd Ross Farm Machinery Ltd J.E. Buckle (Engineers) Ltd Lloyd Ltd Russell's (Kirbymoorside) Ltd The Burdens Group Ltd Mark Weatherhead Ltd C. Smart Agricultural Services Ltd Burgess (Agricultural Engnrs.) Ltd Medland, Sanders & Twose Ltd Southern Harvesters Ltd Charles Hurst Motors Ltd Murley Agricultural Supplies Ltd Thomas Sherriff & Co. Ltd Claas UK Ltd New Forest Farm Machinery Ltd Thurlow Nunn (Holdings) Ltd Compass Tractors Ltd Oakes Bros. Ltd Tincknell Ltd Eastern Harvesters Ltd A.T. Oliver & Sons Ltd P.A. Turney Ltd Ernest Doe & Sons Ltd Peacock & Binnington Tylers Ltd Farmstar Ltd G. & J. Peck Ltd Western Harvesters Ltd Farol Ltd A.M. Phillip Agritech Ltd T. H. White Holdings Ltd Golf & Turf Equipment Ltd Platts Harris Ltd Wilfred Scruton Ltd Gunn JCB Ltd Randell NFM Ltd Haynes Bros Ltd RBM Agricultural Ltd
1.2 Company Selection
Our team of in-house analysts research the company sample thoroughly to ensure that the Report covers the top companies in the industry. A company will be included on the following grounds: i It is a major company within the industry with over 50 percent of its turnover coming from activities relevant to the subject of the Report. Company Selection Key Note Ltd 2008 1. Company Selection ii It is a co mpany where less than 50 percent of its turnover is generated from activities relevant to the industry, however it is, by virtue of its size, significant within the industry.To ensure that the industry results are not distorted by figures relating to activities falling outside the scope of the title, the second group of companies is excluded from the Report totals and averages (see section 1.6). Companies may have been removed from the Report for the following reasons: i The company files modified accounts (as defined by the Companies Act), which makes it difficult to determine its importance in the sector, and means that it is unsuitable for ratio calculation. Or its turnover falls below ?5 million, which has been used to identify major companies in this Report. The following companies have been removed on these grounds: Agricar Ltd, Blount UK Ltd, Boston Tractors Ltd, CHK Holdings Ltd, E.O. Culverwell Ltd, Hamilton Bros. (Engineering) Ltd, Johnson Bros. (Spalding) Ltd, Opico Ltd, Saville Tractors (Belfast) Ltd, Stalham Engineering Co. Ltd, Tickhill Engineering Co. Ltd and Vaderstad Ltd. ii The latest analysed accounts available on the company are too old to be meaningful to the analysis. iii The company is not a live trading company, i.e. it is dormant, in liquidation or receivership, or has transferred its trade to another company. The following company has been removed on these grounds: George Wilkinson (Burnley) Ltd. iv The company's first accounts are not yet available from Companies House at the time of publication. v The company is no longer relevant to the Report. vi The company is represented in the Report by its subsidiaries, holding company or ultimate holding company. vii The company derives 100 percent of its turnover from exports.
1.3 Changes of Name
No companies have changed their names since the publication of the previous edition.
1.4 New Additions to the Report
The following companies have been added to the current edition: Alvan Blanch Development Company Ltd, D. & I. Bridgman & Son Ltd, Chapmans Agricultural Ltd, Claas UK Ltd, Frank Sutton Ltd, Glendale Engineering (Milfield) Ltd, Golf & Turf Equipment Ltd, John Bownes Ltd, Johnston Gilpin & Co. Ltd, Kverneland Devizes Ltd, A.M. Phillip Agritech Ltd, A.T. Oliver & Sons Ltd and Randell NFM Ltd.
1.5 Treatment of Holding Companies and Subsidiaries
Where one company accounts for the majority of a group's turnover, the analyst will decide which company is most relevant to the Report. In some cases, both a holding company and its subsidiary may be included where both are considered to be of significant importance within the sector. Where this could lead to double counting in the totals and averages, one of the companies will be excluded from the calculations. The names of Key Note Ltd 2008 Company Selection 1. Company Selection all companies which have been excluded from the Report totals and averages will be preceded by an asterisk in the Performance League Tables. The following companies have been excluded from the totals and averages on the above grounds: Alamo Group Europe Ltd, Bepco Group Ltd and Golf & Turf Equipment Ltd.
1.6 Diversity of Business Interests
Some companies declare a varied range of business interests in their registered trading activity and SIC Codes, not all of which are relevant to the subject of the Report. These companies will be excluded from the Report totals and averages to prevent distortion. The following companies have been excluded on these grounds: Bowring Transport Ltd, Charles Hurst Motors Ltd, Clarkes of Walsham Ltd, Ernest Doe & Sons Ltd, Gunn JCB Ltd, Haynes Bros. Ltd, Holt JCB Ltd, JCB Landpower Ltd, Kab Seating Ltd, Lloyd Ltd, McCormick Macnaughton (NI) Ltd, Peacock & Binnington, Ralph Martindale & Co. Ltd, Ravenhill Ltd, G. Reekie Group Ltd, Solus Garden & Leisure Ltd, Thurlow Nunn (Holdings) Ltd and T.H. White Holdings Ltd.
1.7 Large Changes in Accounts
Some companies report very large variances in their figures from one year to the next, due to acquisitions, large exceptional items, etc. These companies will be excluded from the Report totals and averages. The following companies have been excluded on these grounds: AGCO Ltd, George Brown's Implements (Holdings) Ltd, McCormick Tractors International Ltd, Shelbourne Reynolds Engineering Ltd and Sparex Ltd.
1.8 Exports
Some companies derive a proportion of their revenue from exported goods or services. Companies at derive 90 percent or more of their turnover through these means will be excluded from the totals and averages of the Report.
1.9 Exceptionally Large Companies
Occasionally an industry can be dominated by one or several exceptionally large companies. This may also distort the totals and averages for the sector, and therefore these companies may also be excluded from the calculations. Company Selection Key Note Ltd 2008 This section provides an at-a-glance overview of industry performance, profiling the performance of the industry and leading companies within the Report.
