Glenmere Timber Company Limited

Glenmere Timber Company Ltd, based in Market Harborough, UK, is a substantial player in the timber industry, operating as a holding company with an active status. Established 51 years ago in 1973, the company employs 28 people and manages assets totaling £5,720,766, generating a yearly revenue of £9,338,676. It’s a real address, with two directors and one owner, and runs an e-commerce site. Regular imports of wood and wood products have been ongoing for 602 months, with the latest in February 2025, while exports are irregular, with just one month of activity recorded back in March 2022.

The company’s core business revolves around wholesale timber, construction materials, and sanitary equipment. It’s a significant operation, classified as "large" due to meeting two of three criteria: turnover exceeding £36 million, a balance sheet total surpassing £18 million, and employing more than 250 people. It’s a holding company, and the company is active.

Looking at the financials, there’s a mixed picture. While cash bank on hand has increased significantly by 91%, reaching £350,000, net assets have remained steady at £3,500,000. However, revenue has fallen by 20%, dropping to £9,300,000, and net losses have deepened to -£92,000. Bank borrowings have increased, and creditors have also risen, suggesting a need for improved cash flow management. Depreciation on furniture and fittings has decreased considerably, which could be a positive sign of reduced asset wear and tear, or perhaps a change in accounting practices.

The company's production software is version July 2024, and the audit firm is AccountAbility gb Limited. The company is not audited, and the figures are unaudited. Despite these challenges, Glenmere Timber Company Ltd appears to be a well-established business with a long history, and it’s e-commerce presence suggests an ability to adapt to changing market conditions.

Registered in England/Wales under the registration number 01139262, with a registered address at LE16 7QU, United Kingdom, Market Harborough, Leicestershire, Ground Floor 15 The Point, Rockingham Road.

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