Palmstead Nurseries Limited

Palmstead Nurseries Limited, based in Ashford, UK, is a small, family-run business with an active status, celebrating 27 years in operation. Employing 69 people and holding assets of £3,260,999, the company operates from a real address and is managed by five directors and two owners. It’s a well-regarded operation, boasting a perfect 5.0 Google rating based on ten reviews, and functions as a regular importer of live trees, plants, bulbs, roots, and flowers, with 96 months of import activity recorded. The company also runs an e-commerce site, showcasing its plants and services.

Palmstead Nurseries specializes in wholesale plant supply, catering to the landscape and amenity industries. Its website highlights a commitment to quality and British craftsmanship, with a focus on providing a diverse range of plants for various applications. The site also features informative articles and blog posts, demonstrating expertise in plant selection and horticulture. The company has a long history, having been established over 50 years ago, and prides itself on its ability to provide premium plants at competitive prices.

Financially, Palmstead Nurseries presents a mixed picture. While cash reserves remained relatively stable at £1,300,000, net assets decreased by 0.9% to £3,200,000. Bank overdrafts were eliminated, a positive sign, but deferred tax liabilities increased by 47%, suggesting potential tax implications. Trade creditors decreased by 8.4%, which could indicate improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in equity warrants further scrutiny. No auditor is mentioned, consistent with its status as a small company exempt from an audit.

Overall, Palmstead Nurseries appears to be a well-established and respected wholesale plant supplier, but the slight decrease in equity and increase in deferred tax liabilities suggest potential financial pressures that need to be monitored.

Registered in England/Wales under the registration number 03510694, with a registered address at TN25 5EU, Ashford, Kent, Harville Road, Wye.

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