N.h.g. Timber Limited

Nhg Timber Ltd from Surrey UK: a small holding company with an active status, was founded 43 years ago and employs 16 people. The company holds assets valued at £6,407,582 and has a real address, managed by four directors and one owner. It’s a regular importer of wood and wood products, with 290 months of import activity recorded.

The company’s website highlights its global trading and responsible sourcing of hardwood and clear softwood. It operates two distinct divisions: NHG Timber Ltd, focused on wholesale timber, and NHG Timber LDCwood, specializing in thermo-treated wood. The timber division serves clients worldwide, offering a wide range of products from lumber to semifinished goods. The website emphasizes quality, family ownership, and British craftsmanship, with a focus on long-term client and supplier relationships.

Financially, Nhg Timber Ltd shows a mixed picture. Cash and cash equivalents dropped by 12%, settling at £2,000,000, while current assets increased slightly to £6,400,000. Trade debtors grew significantly, rising 16% to £4,400,000, suggesting a potential increase in outstanding customer payments. Creditors also increased by 35%, reaching £590,000, and bank borrowings saw a dramatic rise of 2,400% to £29,000. Net losses deepened, though the details are not fully available. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited, and no auditor is mentioned.

The company’s financial trends suggest it's facing some pressures, although its long history and established global network could provide resilience. The growth in trade debtors and increased bank borrowings are points to watch, while the company's focus on sustainable sourcing and quality products could help it navigate the current economic climate.

Registered in England/Wales under the registration number 01570409, with a registered address at CR2 9LH, Surrey, 4 Eagle House, Cranleigh Close, Sanderstead.

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