Minorfern Limited

Minorfern Limited, based in Chesterfield, UK, is a large, active company established 47 years ago. With 333 employees and £23,936,583 in assets, it’s a significant player in the region. The company, a family business, boasts a stellar 5.0 Google rating from 139 reviews, indicating high customer satisfaction. Minorfern regularly imports machinery, boilers, and mechanical appliances, parts, with 87 months of import activity recorded, and exports electrical machinery and equipment, with 11 months of export activity. Four directors and two owners, Holland Nicholas James and Holland Heather, guide the business.

The company operates in the other retail sale in non-specialised stores industries, likely running a network of branches or an online store. While no website is provided, this suggests a traditional retail model with a physical presence.

Financially, Minorfern Limited shows a mixed picture. Current assets increased by 21%, reaching £24,000,000, while net assets increased by 24%, reaching £19,000,000. Bank borrowings increased by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company meets two of three criteria to be considered large, with turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. Despite this, the increase in bank borrowings and decrease in cash reserves might indicate a need for careful financial management. The lack of an auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's growth in assets and revenue suggests a healthy business, but the increase in debt warrants closer attention. The family ownership and strong Google rating point to a stable and well-regarded operation, but the financial details highlight the challenges of maintaining growth while managing debt.

Registered in England/Wales under the registration number 01363519, with a registered address at S45 9NF, United Kingdom, Chesterfield, Derbyshire, Holland House Furnace Hill Road, Clay Cross.

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