H. Smith Food Group Plc

H. Smith Food Group Plc, based in Rainham, UK, is a large, active company established 35 years ago. With 39 employees and £23.47 million in assets, it’s a significant player in the food wholesale sector, generating a yearly revenue of £104.09 million. The company, led by seven directors and owned by Smith Christopher Jamie, maintains a real address and boasts a stellar 5.0 Google rating based on 31 reviews. It’s a regular importer of meat, fish, and seafood preparations (277 months) and an irregular exporter of cereal and milk-based food products (1 month).

The company’s website showcases its role as a frozen food wholesaler, emphasizing sourced, stored, and delivered products. It highlights expertise in developing, sourcing, and delivering a range of goods, catering to wholesalers, caterers, retailers, and foodservice companies. The website features a product directory with various coated chicken options, alongside a brochure and details on BRC accreditation.

Financially, H. Smith Food Group Plc shows some concerning trends. While revenue remained steady, current assets decreased by 1.4% to £23 million. Bank borrowings increased significantly by 58% to £1.1 million, and cash reserves remained steady at £330,000. Depreciation expenses decreased by 21% to £200,000. The company’s net assets decreased by 2.4% to £8.6 million. Turnover remained steady at £100 million. The company’s small decrease in staff (19 instead of 17) suggests a focus on efficiency. Hazlewoods LLP performed the audit.

Despite these pressures, the company's established presence, wide range of products, and strong Google rating suggest a resilient business. The increase in bank borrowings may indicate investments in growth or working capital, but it’s something to keep an eye on. The decrease in net assets is a little worrying, but the company seems to be holding its own.

Registered in England/Wales under the registration number 02461736, with a registered address at RM13 9BP, Rainham, Essex, 24 Easter Industrial Park, Ferry Lane South.

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