Murdock Hardwood Industries Limited

Murdock Hardwood Industries Ltd, based in Co.Down, UK, is a sizable company with a 43-year history, currently employing 37 individuals. Holding a substantial £11,021,881 in assets and generating £13,625,561 in yearly revenue, it operates as a holding company with an active status. The business, boasting a perfect 5.0 Google rating from 45 reviews, regularly imports wood and wood products, with 488 months of import activity recorded. It has five directors, one owner, and a real address.

The company’s website highlights a wide range of products and services, including doors, floors, mouldings, stair components, cladding, handles, bespoke products, and accessories. It emphasizes expertise in engineered flooring, bespoke joinery, and express delivery. The site also features a blog and social media links, suggesting an effort to engage with customers and build brand awareness. It appears to be primarily an e-commerce business, with no physical store mentioned, and focuses on online sales and customer service.

Financially, the company’s recent performance presents a mixed picture. While revenue remained relatively stable, several key metrics indicate potential challenges. Net assets decreased by 10%, and cash reserves fell by 7%, suggesting a tightening of liquidity. Bank borrowings increased by 12%, and creditors rose by 11%, indicating a greater reliance on external financing. The company’s small employee count (meeting two of three criteria for a large company) suggests it’s trying to keep costs down. The audit firm, Fitzpatrick & Kearney Ltd, has provided an audit opinion, lending some credibility to the financial statements. It’s worth noting that the company's turnover has decreased by 10% and the company has been losing money.

Overall, Murdock Hardwood Industries Ltd seems to be navigating a period of change. While its strong Google rating and diverse product range suggest a loyal customer base, the financial data indicates a need for careful management and potentially a focus on improving profitability.

Registered in Northern Ireland under the registration number NI015426, with a registered address at BT34 1LD, Co.Down, 51,Rathfriland Road,, Newry,.

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