Manning Impex Limited

Manning Impex Ltd, based in Camberley, UK, is a sizable company with a 37-year history, currently employing 65 people and holding assets valued at £12,031,778. As a holding company with an active status, it operates from a real address and is overseen by four directors and a single owner. Its Google rating stands at a respectable 4.0 based on 13 reviews. The company regularly imports and exports cereal and milk-based food products, with 671 months of import activity and 125 months of export activity recorded.

The company’s operations appear to be focused on wholesale distribution, with its website (none provided) likely serving as a portal for business-to-business transactions rather than direct consumer sales. No e-commerce functionality is apparent.

Financially, Manning Impex Ltd presents a mixed picture. While current assets remain substantial, there’s been a noticeable decline of 14% to £12 million. Bank borrowings have decreased significantly, falling by 38% to £3.2 million, and cash reserves have also decreased by 12% to £1.8 million. However, net losses have dramatically increased, rising by 210% to £1.4 million. Trade debtors have also decreased by 17%, suggesting better management of customer payments. Creditors have decreased by 18%, which is a good sign. The company meets two of three criteria to be classified as a large company, with turnover exceeding £36 million, balance sheet total exceeding £18 million, and employees more than 250. The accounts were audited by Gravita Audit II Limited.

The surge in net losses, despite the reduction in bank borrowings, is concerning. It suggests increased operating expenses or reduced profit margins, which may be linked to changing market conditions or increased competition. The decrease in cash reserves further highlights the need for careful financial management. The company's reliance on trade debtors suggests a need to monitor customer payments closely.

Registered in England/Wales under the registration number 02141125, with a registered address at GU15 3DF, Camberley, Surrey, Manning Impex House, 2 Doman Road.

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