Boud Minerals Limited

Boud Minerals Ltd, based in Lincolnshire, UK, is a sizable company with a 39-year history, currently employing 60 people and holding assets worth £5,115,526. It’s an active business with two directors and one owner, boasting a stellar 5.0 Google rating from 10 reviews. The company regularly imports and exports a range of materials, including salt, sulphur, earths, stone, plaster, lime, and cement – a combined 252 months of activity.

Boud Minerals operates as a supplier of specialist sands, minerals, and fillers, catering to diverse industries. Its website highlights services like blending, coating, drying, screening, packing, and delivery, alongside a range of products including quartz, pigments, bauxite, and marble. The business also offers bespoke product development and blending services, indicating a focus on customer-specific solutions.

Financially, Boud Minerals shows a mixed picture. While turnover increased by 8.4% to £11 million, net assets rose by a modest 9.4% to £5.5 million. However, bank borrowings increased significantly by 76% to £79,000, and cash reserves dropped 10% to £270,000. Creditors also increased by 2.4%, suggesting a slightly more stretched financial position. The company meets two of three criteria for a large company, with turnover over £36 million, balance sheet over £18 million, and employees over 250. The accounts are audited by Whitings LLP.

The increase in bank borrowings, alongside the decrease in cash reserves, may reflect investments in expanding operations or managing working capital. However, the overall financial health appears stable, with continued growth in turnover and a positive net asset position. The company’s focus on specialized products and bespoke services likely contributes to its resilience in the market.

Registered in England/Wales under the registration number 01936377, with a registered address at PE12 9QH, Lincolnshire, West Bank, West Bank, Sutton Bridge.

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