Herbert Retail Limited

Herbert Retail Limited, based in Haverhill, Suffolk, is a large company with a history stretching back 115 years. Founded in 06 July 1909, this holding company employs 110 people and boasts assets of £8,392,340. The company’s yearly revenue stands at £23,228,845, demonstrating a significant scale of operations. With four directors and a single owner, Herbert Retail Limited operates from a real address, shared by five other companies. The company is a regular importer and exporter of machinery, boilers, and mechanical appliances; parts, with 144 months of import activity and 6 months of export activity recorded.

Herbert Retail Limited positions itself as a "Retail Solutions Expert," providing equipment and services to retailers. Its website showcases a wide range of products, including weighing and labelling scales, electronic shelf labels, lockers, scanning devices, printers, food preparation equipment, and more. The company emphasizes its partnerships with leading manufacturers and offers solutions for various retail needs, from inventory management to customer engagement. They even have a zero-waste solution for food weighing, called "Bring Your Own Container."

Financially, Herbert Retail Limited’s recent performance reveals some interesting trends. While current assets increased by 27%, to £8.4 million, bank borrowings have dramatically risen by 160%, reaching £2.2 million. This suggests the company may be utilizing more debt financing. Net assets, however, decreased by 13%, to £4.5 million. A significant drop in deferred tax assets, down 90%, also impacted the bottom line. Despite these challenges, the company’s revenue has surged by 84%, reaching £23 million. The company’s auditors, Price Bailey LLP, have confirmed the financial statements.

Overall, Herbert Retail Limited appears to be a robust company experiencing a period of rapid growth, but with increased financial leverage. The surge in revenue is encouraging, but the increase in borrowings and decrease in net assets warrants close monitoring. The company's long history and established partnerships suggest it is well-positioned to navigate these challenges, but future performance will depend on its ability to manage its debt and sustain its revenue growth.

Registered in England/Wales under the registration number 00103897, with a registered address at CB9 8PD, Suffolk, 18 Rookwood Way, Haverhill.

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