Halifax Timber Merchants Ltd

Halifax Timber Merchants Ltd from Huddersfield UK is a small, active company founded seven years ago. With four employees and £225,277 in assets, it operates from a virtual address – a point to note as fifty companies are registered at the same location. The business, a family operation with a solo founder, is led by one director and owned by three individuals. It regularly imports miscellaneous metal items, with the most recent import occurring three months ago. The company's core activity involves acting as agents for the sale of timber and building materials.

The company’s website showcases a comprehensive range of building materials, from bricks and blocks to doors, windows, and landscaping products. It also offers services like decking and flooring calculators, and highlights its partnership with Velux windows. The site emphasizes its ability to cater to both small projects and large-scale builds, and even offers a self-build exploration section. It's clear they're aiming to be a one-stop shop for builders and DIY enthusiasts.

Financially, Halifax Timber Merchants Ltd shows some concerning trends. Current assets have fallen by 37%, dropping to £230,000, while net assets have plummeted 47%, now standing at £110,000. Bank borrowings have increased significantly, rising by 140% to £8,600, and cash reserves have decreased by 50%, leaving just £22,000. Creditors have also risen, increasing by 10%, to £100,000. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible, but the sharp decline in equity suggests potential financial pressures. No auditor is mentioned, which is likely due to its status as a small company exempt from an audit.

While the company’s website projects a professional image and a wide range of products, the financial data indicates a need for careful management. The decrease in assets and cash reserves, coupled with increased borrowings, suggests that Halifax Timber Merchants Ltd is facing a challenging period.

Registered in England/Wales under the registration number 11166599, with a registered address at HD8 8EL, United Kingdom, Huddersfield, Finlayson & Co Whitby Court Abbey Road, Shepley.

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