H. Smith (smithfield) Limited

H. Smith (Smithfield) Limited, based in Dagenham, UK, is a small holding company with an active status, established 78 years ago in 1946. The company employs just four people and holds assets totaling £1,576,841. With a real address and two directors, it’s a relatively compact operation, owned by three individuals. Google reviews are a bit harsh, rating the company at 1.0 based on just two reviews. The company regularly imports meat, fish, and seafood preparations, with its last import activity recorded five months ago in August 2019.

The company’s website indicates it operates in the wholesale of meat and meat products. While not explicitly an e-commerce platform, the site suggests a focus on supplying businesses rather than direct consumer sales. It’s a fairly straightforward business model, relying on established supply chains and a network of commercial clients.

Financially, H. Smith (Smithfield) Limited’s recent performance shows some concerning trends. Current assets have plummeted by 54%, dropping to £1,600,000, while net assets have also declined significantly, falling 3.6% to £2,800,000. Bank borrowings have increased by a staggering 2,400%, reaching £29,000, and cash reserves have fallen 14% to £1,100,000. Creditors, however, decreased by 31%, suggesting some improvement in debt management. The company’s small size (meeting two of three conditions for being a small company) helps it remain flexible, but the sharp decline in equity and cash reserves raises questions about its financial health. No auditor is mentioned, which is common for small companies exempt from an audit. The company’s financial statements were prepared by CCH Software. It seems like the company has been struggling to keep up with its expenses.

Registered in England/Wales under the registration number 00421253, with a registered address at RM9 6GQ, United Kingdom, Dagenham, Essex, Unit 4 Segro Park, Reef Street.

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