Hughes Forrest Limited

Hughes Forrest Ltd, based in Newport, South Wales, is a well-established company with a long history, having been founded 57 years ago in 1968. As a large company, it employs 93 people and boasts assets of £9,422,491, generating a yearly revenue of £18,884,683. With four directors and two owners, it operates an e-commerce site and has earned a stellar 5.0 Google rating from 66 reviews. The company’s core business involves importing stone, plaster, and cement, though these imports are irregular, with the last shipment arriving over a year ago.

Hughes Forrest Ltd is a significant player in the agents involved in the sale of timber and building materials industries. It owns a roofing merchant and manages a buying group, demonstrating a broader network of business relationships. The company's financial data, audited by Haines Watts Wales LLP, reveals some interesting trends. While assets remain strong, net assets decreased by 14% to £8,600,000. Bank borrowings increased by 18% to £45,000, and cash reserves fell by 10% to £5,500,000. Creditors also increased by 10% to £2,100,000.

The company's financial performance reflects a mixed picture. While revenue remains high, the decrease in net assets and the increase in bank borrowings could indicate tighter margins or increased investment. The rise in creditors suggests a possible need to manage payment terms more effectively. Despite these challenges, Hughes Forrest Ltd maintains a strong online presence and a positive reputation among its customers, which should help sustain its position in the market. The decrease in deferred tax may have been caused by a change in accounting practices.

Registered in England/Wales under the registration number 00926615, with a registered address at NP20 2UP, South Wales, Bolt Street, Newport.

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