Salons Direct Limited

Salons Direct Ltd, hailing from Bromborough, UK, is a substantial family business with a 30-year history, currently employing 92 people. The company boasts assets of £7,066,682 and generates an impressive £25,716,524 in yearly revenue. It’s an active entity with seven directors and two owners, operating from a real address and regularly importing furniture, lighting, and prefabricated buildings (363 months) and exporting electrical machinery and equipment (17 months).

The company’s primary focus appears to be wholesale supply of hair and beauty equipment and supplies. While a website isn't available to analyze, the scale of their import and export activities suggests a significant operational footprint. They operate within the non-specialised wholesale trade industries.

Financially, Salons Direct Ltd presents a mixed picture. While turnover increased by a healthy 14%, reaching £26 million, net assets decreased by 10%, settling at £4.7 million. Cash reserves fell by 15% to £1.5 million, and bank borrowings increased by 20% to £100,000. Creditors decreased by 5%, indicating improved debt management. The company meets two of three criteria to be considered a large company, with turnover exceeding £36 million, balance sheet total exceeding £18 million, and employing more than 250 people. The decrease in cash reserves, despite increased turnover, could signal increased investment in inventory or expansion, or it could be a sign of tighter cash flow management. The company's auditor is Haines Watts.

The company’s reliance on imports, particularly furniture, lighting, and prefabricated buildings, could make it vulnerable to supply chain disruptions or currency fluctuations. The export of electrical machinery and equipment, while a smaller portion of their business, suggests a diversification strategy. Overall, Salons Direct Ltd seems to be a well-established player in its sector, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 03018632, with a registered address at CH62 3QL, United Kingdom, Bromborough, Merseyside, Unit 8 Bassendale Road, Croft Business Park.

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