Havwoods Limited

Havwoods Ltd, based in Carnforth, UK, is a large company with a 49-year history, currently employing 100 people and holding assets worth £26,020,204. As a holding company with an active status, it operates an e-commerce site and enjoys a stellar 5.0 Google rating based on 122 reviews. The company regularly imports and exports wood and wood products, with 333 months of import activity and 334 months of export activity recorded. Five directors and one owner oversee the business, which has a real address and is overseen by Champion Accountants LLP.

The company’s website, Havwoods.co.uk, is a vibrant showcase of wood flooring solutions, offering a range of options and catering to international markets with dedicated sections for various locations. It’s clear the business is focused on online sales, with a user-friendly interface and high-quality product photography.

Financially, Havwoods Ltd presents a mixed picture. While turnover remained steady at £36 million, profits decreased by 20% to £3.5 million—a noticeable dip. Current assets declined by 5% to £26 million, and bank borrowings increased by 10% to £1.8 million. However, creditors decreased by 15% to £10 million, suggesting improved debt management. The company’s large size (meeting two of three criteria for a large company) indicates a well-established operation, but the profit decline warrants attention. The decrease in cash reserves by 10% to £5 million could be a concern, though it’s important to consider the company’s investment strategy. The fact that Champion Accountants LLP conducted the audit lends credibility to the financial statements.

Overall, Havwoods Ltd appears to be a stable, well-regarded business, but the profit decrease and cash reserve decline suggest potential headwinds. The company's focus on e-commerce and international markets positions it for continued growth, but careful financial management will be crucial in the coming years.

Registered in England/Wales under the registration number 01225320, with a registered address at LA5 9FD, Carnforth, Carnforth Business Park, Oakwood Way.

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