Lincolnshire Herbs Ltd

Lincolnshire Herbs Ltd, based in Lincolnshire, UK, is a large, active company established 27 years ago. Employing 133 people, it holds assets of £3,903,991 and generates an impressive £18,442,539 in revenue annually. With a real address and three directors, though no owners are listed, it maintains a Google rating of 4.0 based on 74 reviews. The company is a regular importer of coffee, tea, mate, and spices, with 108 months of import activity recorded, the last operation taking place in January 2025.

Lincolnshire Herbs Ltd operates as a pioneer of fresh herbs, focusing on growing and selling them. Its website highlights a commitment to sustainability and is part of a larger European group, Spisa Group, specializing in fresh herb production. It also offers career opportunities, and is a Covid-19 secure company. The company’s website clearly states its focus on fresh cut and living herbs, with a strong emphasis on environmental responsibility.

Financially, Lincolnshire Herbs Ltd presents a mixed picture. While turnover remained consistent at £18 million, net assets decreased by 14% to £3.3 million. Bank borrowings decreased by 16%, but cash reserves increased by 47% to £430,000. Creditors increased by 32%, and staff costs rose by 20%, reflecting the company’s growth. A significant increase in administrative expenses, up 38%, might indicate investments in infrastructure or personnel. The company’s directors remuneration increased by 31%, and the company’s pension contributions increased by 30%. The company’s auditors, Duncan & Toplis Audit Limited, gave an unqualified opinion on the financial statements.

The lack of owner information, while not unusual for smaller companies, could indicate a complex ownership structure. The company’s growth in administrative expenses and staff costs, combined with a decrease in net assets, suggests it is burning through cash, although the increase in cash reserves provides some reassurance. The company’s strong Google rating and focus on sustainability position it well for continued success, but careful management of expenses will be crucial.

Registered in England/Wales under the registration number 03396683, with a registered address at PE10 0AT, Lincolnshire, Spalding Road, Bourne.

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