George Bence & Sons Limited

George Bence & Sons Ltd from Cheltenham, UK, is a well-established holding company with a history spanning 125 years. Founded in 1899, the company currently employs around 100 people and boasts assets totaling £6,127,526. With an impressive annual revenue of £19,794,118, it’s a significant player in the region, overseen by five directors and a single owner. The company maintains a real address and enjoys a strong 4.0-star Google rating based on 161 reviews. It’s known for regularly importing furniture, lighting, and prefabricated buildings (over seven months), and occasionally exporting machinery and related parts (two months).

The company operates as a holding company, with its core business revolving around agents involved in the sale of timber and building materials. Its website, bence.co.uk, showcases a wide range of products and services, including a dedicated section for its award-winning Obsidian showroom featuring kitchens and bathrooms. Bence also offers free delivery on purchases over £150 and encourages customers to open a trade account for full benefits. The website highlights a commitment to customer service and a focus on providing quality building materials and related services.

Financially, George Bence & Sons Ltd presents a mixed picture. Accumulated depreciation has slightly decreased, and additions to property, plant, and equipment have remained stable. However, the number of administration and support employees has fallen, and administrative expenses have also decreased. Bank borrowings have significantly reduced, and cash reserves have remained relatively constant. Despite this, the company’s net assets have increased, suggesting improved financial health. The company’s turnover has decreased slightly, but profits have also fallen.

The company’s financial trends suggest a period of adjustment. While cost reductions and improved debt management are positive signs, the decline in turnover and profits warrants attention. The company’s strong reputation and established presence in the region provide a solid foundation for future growth, but ongoing monitoring of financial performance will be crucial. The lack of an auditor mentioned indicates the company is likely exempt from mandatory auditing, relying on unaudited financial statements.

Registered in England/Wales under the registration number 00062473, with a registered address at GL52 2EJ, Cheltenham, Gloucestershire, 41-47 Fairview Road.

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