Forest Products Limited

Forest Products Ltd from Gloucester UK: a small company with an active status, was founded 98 years ago, employs 28 people, and holds £948,102 in assets. It operates from a real address and is managed by six directors and a single owner, who is also the solo founder. The company is an irregular importer of wood and wood products, with just two months of import activity recorded.

The company’s website showcases a wide range of timber products, from fencing and cladding to garden furniture and woodland items. It’s clear they’re a traditional business, offering both online browsing and local delivery options. They even have a section dedicated to “home grown timber from sustainable sources,” emphasizing their commitment to responsible forestry. The website's layout is a little dated, but functional, and the emphasis is on practical products and competitive pricing. It's clear they're targeting trade customers as well as individual buyers.

Financially, Forest Products Ltd's report shows a mixed picture. Current assets decreased by 18% to £950,000, while net assets also fell by 3.6% to £1,700,000. Bank borrowings dropped significantly, decreasing by 52% to £49,000, and cash reserves fell 68% to £28,000. Creditors decreased by 55% to £200,000, which is a positive sign. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited statements.

The company's long history and stable management structure are reassuring, but the decline in cash reserves and net assets warrants closer attention. It’s possible that the irregular import activity and fluctuating timber prices have impacted profitability. The company's focus on sustainable sourcing and local delivery could be a key differentiator in a competitive market, but the financial data suggests they’re facing some challenges.

Registered in England/Wales under the registration number 00218634, with a registered address at GL14 3HU, Gloucester, Lightmoor Works, Cinderford.

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