North Western Plants Ltd

North Western Plants Ltd from Chester UK: a small, active company founded 17 years ago, employs 30 people, and holds £839,094 in assets. With four directors and two owners, it’s a well-established operation with a real address. The company regularly imports live trees, plants, bulbs, roots, and flowers – a consistent activity over the past 44 months – and occasionally exports machinery and related parts, with a single month of export activity recorded in 2023.

The company operates as a wholesale nursery, supplying stock from three sites to wholesale nurseries and cash and carries nationwide using its own transport. It specializes in containerised hedging material, groundcover shrubs, and specimen shrubs, producing over a million plants annually in various pot sizes. Its website highlights competitive pricing, high-quality plants grown in optimum conditions, and a commitment to UK growers. It even has a dedicated section for testimonials, with one customer praising the cost-effectiveness of its plants.

Financially, North Western Plants Ltd’s recent performance shows some concerning trends. Accumulated depreciation for plant machinery increased by 8.6%, while vehicles saw a substantial 43.0% rise. Bank borrowings decreased by 12%, but overdrafts surged by a whopping 250%, reaching £130,000 – a significant increase. Cash bank on hand plummeted by 98%, leaving only £2,400. Creditors also increased, with a 80% rise within one year. While net assets decreased by 16%, the company’s small size – meeting two of three criteria for a small company – allows it to remain agile. The unaudited accounts, prepared using VT Final Accounts software, do not mention an auditor.

Overall, North Western Plants Ltd appears to be facing some financial headwinds, despite its established market position and focus on quality. The sharp increase in overdrafts and decrease in cash reserves suggest a need for careful financial management, although the company’s small size and focus on wholesale trade could allow it to weather these challenges.

Registered in England/Wales under the registration number 06529269, with a registered address at CH3 7JW, England, Chester, North Western Plants Ltd Wildmoor Lane Off Station Lane, Great Barrow.

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