Fold Hill Foods Limited

Fold Hill Foods Ltd, based in Boston, UK, is a large, active company founded 45 years ago, in 1979. It’s a holding company with 129 employees and substantial assets of £12,547,103. The company generates yearly revenue of £30,480,885, operating from a real address and overseen by five directors and one owner. It regularly imports machinery, boilers, and mechanical appliances parts (62 months) and exports animal feed and food waste (61 months).

The company's core business revolves around the manufacture of prepared pet foods, with a particular focus on dog biscuits. It operates two distinct divisions: Fold Hill Foods, primarily focused on retail sales, and 1066 Pianos, a high-end piano restoration business. The latter boasts a showroom in Harrods and specializes in museum-grade restorations and disaster recovery services. The shared "Fold Hill" branding suggests a family-owned structure, though the exact relationship between the two divisions isn’t entirely clear.

Financially, Fold Hill Foods Ltd presents a mixed picture. While turnover remained steady at £30,480,885, net assets decreased by 10% to £12,000,000. Cash bank on hand increased by a staggering 120% to £1,100,000, which is a positive sign. However, bank borrowings increased by 13% to £280,000, and administrative expenses rose by 27% to £1,900,000, suggesting increased operational costs. The company’s size (meeting two of three criteria for a large company) allows for flexibility, but the increase in expenses warrants attention. The company’s auditor is Dexter & Sharpe Audit Services Ltd.

The growth in cash reserves could be a result of increased sales or better cost management, while the rise in expenses may be linked to expansion efforts or inflationary pressures. The company’s dual focus on pet food and piano restoration presents both opportunities and challenges, requiring careful resource allocation and strategic decision-making.

Registered in England/Wales under the registration number 01426126, with a registered address at PE22 9PJ, England, Boston, Lincolnshire, Fold Hill, Old Leake.

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