Bulk Hardware Limited

Bulk Hardware Ltd, a family business based in Somerset, UK, is a large company with an active status, celebrating 50 years in operation. Employing 51 people, the company boasts assets of £3,745,033 and a yearly revenue of £3,916,663. Despite having a virtual address, with 32 companies registered at the same location, Bulk Hardware operates a thriving e-commerce site and enjoys a Google rating of 4.0 based on nine reviews. The company regularly imports and exports miscellaneous metal items, with 481 months of import activity and 40 months of export activity recorded.

Bulk Hardware is a substantial player in the hardware and DIY supplies sector, meeting the criteria for a large company due to its turnover exceeding £36 million and balance sheet total exceeding £18 million, as well as having more than 250 employees. The company's financial performance shows some interesting trends. While cash bank on hand decreased significantly, dropping 90% to just £2,200, bank borrowings increased substantially, rising 39% to £1,100,000. This suggests the company may be utilizing debt to finance operations or expansion. Creditors also increased by 14%, reaching £1.9 million, which could be linked to increased purchasing activity. However, the company’s administrative expenses rose by 18%, which could be a cause for concern.

The company’s core business revolves around importing, packaging, and distributing hardware goods. The e-commerce site, bulkhardware.co.uk, showcases a wide range of products, from electrical accessories to plumbing supplies, catering to both trade and retail customers. The site's focus on special offers and fast order forms indicates a customer-centric approach. The company's regular import and export activities, particularly the long history of importing miscellaneous metal items, highlight its established supply chain.

The lack of an auditor mentioned in the report suggests the company is exempt from mandatory auditing, relying on unaudited financial statements. While this simplifies reporting, it also means there's less independent verification of the numbers. Overall, Bulk Hardware Ltd appears to be a well-established, family-run business navigating a competitive market, with some financial pressures evident in the recent numbers.

Registered in England/Wales under the registration number 01177960, with a registered address at BA5 2LA, Somerset, One New Street, Wells.

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