Kellands (holdings) Limited

Kellands Holdings Ltd from Somerset, UK, is a long-standing holding company with an active status, having been incorporated seventy-seven years ago in May 1947. Employing fifty-nine people, the company holds assets totaling £1,049,729. Based at a real address in Bridgwater, it’s managed by six directors, with Jeanes Francis David as the sole owner. The company is an irregular exporter, primarily dealing in vehicles, parts, and accessories – with only one month of export activity recorded in 2021.

Kellands Holdings operates in the professional, scientific, and technical activities industries. It owns two companies: Kellands (plant Sales) Limited and Kellands Plant (SE) Limited. Previously known as Henry Kelland & Co. limited, the company’s website doesn’t offer much insight into its day-to-day operations beyond its holding company status. There's no e-commerce presence or indication of direct sales to consumers.

Looking at the financial data, Kellands Holdings shows some concerning trends. Cash reserves have plummeted by 99%, dropping to a mere £8,000. Bank borrowings have increased dramatically, rising by 140% to £1,000,000. While debtors have also increased significantly, jumping by 130% to £1,000,000, this could be a sign of delayed payments. Creditors have decreased by 53%, which is a positive sign of better debt management. The company’s net assets increased by 19%, reaching £770,000. The company’s average number of employees increased by 3.4% to sixty-one.

The financial data suggests that the company may be experiencing cash flow issues, despite a strong asset base. The increase in bank borrowings could be an attempt to bridge the gap, but it’s a trend to monitor closely. The lack of an auditor mentioned in the report suggests the company is exempt, relying on unaudited statements. Overall, Kellands Holdings appears to be a stable, long-established business, but its financial performance warrants careful observation.

Registered in England/Wales under the registration number 00434982, with a registered address at TA6 5JY, Somerset, Salmon Parade, Bridgwater.

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