Future Products Limited

Future Products Ltd, based in Mansfield, UK, is a large, holding company with an active status, celebrating 31 years in business. Employing 137 people, the company boasts assets of £4,711,120 and yearly revenue of £18,139,691. With four directors and two owners, it operates an e-commerce site and has a respectable Google rating of 4.0 based on 62 reviews. The company regularly imports wood and wood products, with the latest import operation occurring in October 01, 2024.

The company’s website highlights its role as a leading supplier of composite doors, uPVC, aluminium products, and windows for trade customers. It offers a wide range of products, from standard doors to bi-fold windows, and emphasizes British manufacturing, quality assurance, and exceptional customer service. The site features an online ordering portal for trade customers, showcasing its commitment to innovation and convenience. The website also includes a blog with articles on topics like window installation and home renovation, demonstrating a focus on providing valuable information to customers.

Financially, Future Products Ltd presents a mixed picture. While turnover remained relatively stable at £18,139,691, net assets dropped 21% to £2,500,000. Cash reserves declined by 64%, settling at £740,000. Bank borrowings increased significantly by 270%, reaching £1,100,000. Creditors also rose by 18%, reaching £2,600,000. The company’s large size (meeting two of three criteria for turnover over £36 million, assets over £18 million, and over 250 employees) suggests a mature business, but the decline in equity raises questions about its financial health. The company’s accounts were audited by Beeley Hawley & Co. Ltd.

The increased bank borrowings and decrease in cash reserves could be due to investments in new products or expansion of operations, or perhaps a slowdown in sales. The company’s continued focus on trade customers and online ordering suggests a strategy to maintain competitiveness in a dynamic market, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 02840500, with a registered address at NG19 7JX, Mansfield, Notts, Enterprise Road, Millennium Business Park.

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