J & J Ormerod Plc

J & J Ormerod Plc from Bacup UK is a large, holding company with an active status, established 56 years ago. Employing 295 people and boasting assets of £14,209,713, the company generated a yearly revenue of £35,992,519. It has a real address, seven directors, one owner, and a respectable Google rating of 4.0 based on 35 reviews. Regularly importing and exporting furniture, lighting, and prefabricated buildings for a combined 100 months, the company operates within the other manufacturing n.e.c. industries.

JJO Kitchens, Bedrooms & Bathrooms is the public face of J & J Ormerod Plc, operating a modern production facility covering over 1.2 million square feet. It’s a family business, with over two-thirds of the shares held within an employment ownership trust, fostering a culture of engagement and continuous improvement. Avalon Kitchen furniture is exclusively available through a network of independent retailers, ensuring a high standard of presentation and expert advice. The company’s website showcases a range of kitchen, bedroom, and bathroom furniture, alongside appliances and a commitment to carbon reduction through the Carbon Trust.

Financially, J & J Ormerod Plc presents a mixed picture. While revenue remained stable, current assets decreased by 11% to £14 million, and net assets dropped by 9% to £18 million. Bank borrowings decreased by 11% to £4.5 million, and cash reserves fell by a significant 59% to £970,000. However, creditors decreased by 5%, suggesting improved debt management. The company meets the criteria to be classified as a large company, having a turnover of over £36 million and balance sheet total of over £18 million.

The company’s accounts were audited by Beever and Struthers, and the audit report highlighted a few key points. The company has been supportive of the bank and revised bank covenants have now been agreed. The company's forecasts show that the revised covenants will be met for a period of at least twelve months from the date of signing if these financial statements. The company’s management has also taken steps to reduce its environmental impact, including investing in energy-efficient equipment and implementing a carbon reduction program. Overall, J & J Ormerod Plc appears to be a stable, well-managed company with a strong market position, though the decline in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 00931323, with a registered address at OL13 0EA, England, Bacup, Lancashire, Avalon House, Lee Road.

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