Saracen Distribution Limited

Saracen Distribution Ltd, based in Hereford, UK, is a small, active company established 14 years ago. With 19 employees and £2,471,093 in assets, it's a modest operation overseen by three directors and a single owner. The company currently has confirmation overdue by six months. Google users rate it 4.0 out of 5 based on 13 reviews. Saracen Distribution regularly imports basic metal tools and utensils, with the most recent import activity occurring in July 2024.

The company operates in both retail and equipment rental, specifically specializing in the sale of new goods and the leasing of machinery. While no website is available to examine, this suggests a more traditional distribution model rather than a purely e-commerce driven business.

Financially, Saracen Distribution presents a mixed picture. While net assets grew by 6.4% to £1,700,000, cash reserves declined by 20% to £390,000. Bank borrowings decreased by 15% to £99,000, which is a positive sign. Creditors also decreased, suggesting better management of short-term liabilities. The company’s average number of employees decreased slightly by 5.3% to 18. The company is classified as small, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned likely reflects its exemption as a small company, and the figures are unaudited.

The decline in cash reserves, despite growing net assets, could indicate increased investment in inventory or expansion efforts. It’s also possible that the company is experiencing some pressure on working capital. The decrease in employee numbers might be a result of streamlining operations or a temporary staffing adjustment.

Registered in England/Wales under the registration number 07374019, with a registered address at HR4 9NS, Hereford, Herefordshire, Unit 9 Grandstand Business Centre, Faraday Road.

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