Banwy Fuels Limited

Banwy Fuels Ltd, based in Welshpool, UK, is a large, active company established nineteen years ago in 2005. Employing twenty-five people, it holds £6,737,712 in assets and operates from a real address. With two directors and three owners, it’s a family business founded by a solo entrepreneur, and enjoys a stellar 5.0 Google rating from 124 reviews. The company is an irregular importer, primarily dealing in wood and wood products, with the last import occurring two months ago in December 2024.

Banwy Fuels' website highlights its role as a distributor of fuel, catering to domestic, commercial, and agricultural customers throughout Mid Wales, Gwynedd, and the Shropshire border. They offer a wide range of products, including heating oil, gas oil, wood pellets, bottled gas, and animal feeds, alongside storage tanks. The site emphasizes competitive pricing, excellent service, and a personal touch, even offering a monthly payment plan to manage heating costs. The website also has a blog, which is a nice touch.

Financially, Banwy Fuels Ltd’s recent report paints a mixed picture. While cash and cash equivalents increased by 33% to £2.4 million, net assets decreased by 9.4% to £6.1 million. Turnover fell by 7.2% to £34 million, and net profit also experienced a decline of 27% to £1.1 million. Bank borrowings increased significantly, by 2800%, reaching £29,000. Creditors, however, decreased by 8.3%, suggesting improved debt management. The company meets the criteria to be considered large, having turnover over £36 million, balance sheet total over £18 million, and more than 250 employees. Dyke Yaxley Limited conducted the audit.

The company's financial performance suggests a period of adjustment, with increased costs impacting profitability. Despite this, the strong customer reviews and wide range of products indicate a resilient business model. The company’s continued focus on customer service and competitive pricing will be key to navigating these challenges.

Registered in England/Wales under the registration number 05535664, with a registered address at SY21 9EH, Welshpool, Powys, Glanverniew, Llangyniew.

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