Ims Of Smithfield Ltd.

Ims Of Smithfield Ltd from London UK: large company, active status, founded 55 years ago, 62 employees, £5,286,448 assets, real address, 1 director, 1 owner, solo founder, e-commerce site, google rating 4.0 based on 87 reviews. Regular importer of meat and edible meat offal (3 months imported).

Ims Of Smithfield Ltd is a sizable, active company based in London, UK, with a rich history spanning 55 years. Established in 1970, it employs 62 people and boasts assets totaling £5,286,448. The company, a large one as it met two of three conditions (turnover more than £36 million, balance sheet more than £18 million, employees more than 250), operates from a real address and is led by a single director and owner, who is also the solo founder. It maintains an e-commerce site and enjoys a strong Google rating of 4.0 based on 87 reviews, regularly importing meat and edible meat offal for approximately three months, with the latest import operation occurring in November 2023.

The company's website, imsofsmithfield.com, positions itself as a catering butcher and meat wholesaler, specializing in halal beef suppliers. It offers a wide range of products, from lamb and pork to chicken and game, and even provides a “butchery academy” for those interested in learning the trade. The site also highlights its commitment to product integrity, provenance, and testing, showcasing a “hub” for wholesale customers. A key feature is its focus on farm visits and product development, emphasizing quality and heritage. The website details a history starting in 1970, originally based in Smithfield Market, and now operating from a 15,200 sqft facility in Kings Cross. It’s clear the company is dedicated to providing high-quality meat products to its clients, and it’s a family-run business.

Financially, Ims Of Smithfield Ltd presents a mixed picture. While the company’s revenue increased by 24% to £13 million, it also increased administrative expenses by 10% to £4.3 million. Net assets rose significantly by 39% to £2.7 million, but cash reserves decreased by 30% to £1.8 million. Bank borrowings decreased by 26% to £290,000. The company’s director remuneration increased substantially, by 130% to £210,000. The accounts were audited by Moore Kingston Smith LLP. Despite the growth, the increased expenses and decreased cash reserves suggest the company is burning through money, and it’s important to monitor these trends closely. It’s likely that the increase in director remuneration is a contributing factor.

Registered in England/Wales under the registration number 00975191, with a registered address at N1C 4PD, London, 27 Cedar Way Industrial Estate, Camley Street.

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