Savoy Timber Ltd.

Savoy Timber Ltd, based in Bradford, UK, is a large, holding company with an active status, having been established 35 years ago in 1989. The company employs 72 people and holds assets totaling £7,285,193. It operates a real address and is managed by one director and one owner. Savoy Timber also runs an e-commerce site and regularly imports miscellaneous metal items, with the latest import occurring in December 2024.

The company describes itself as agents involved in the sale of timber and building materials. Its website showcases a wide range of products, including oak doors, timber decking, worktops, and fencing, catering to both trade and DIY customers. The site emphasizes competitive pricing, free delivery on orders over £500, and a cut-to-size service. It even offers a decking bargain this week.

Financially, Savoy Timber Ltd presents a mixed picture. While revenue increased by 11%, reaching £72 million, net assets declined by 10%, settling at £5.2 million. Cash bank on hand decreased significantly by 61%, dropping to £1.1 million. Bank borrowings surged by 4200%, reaching £4.5 million, and staff costs decreased by 10%, settling at £2.4 million. Creditors increased by 130%, reaching £2.1 million. The company's large size (meeting two of three criteria for a large company) suggests it’s a significant player in the timber and building materials sector, but the increase in borrowings and decrease in cash reserves warrants closer attention. The accounts were audited by Azets Audit Services.

The company’s focus on e-commerce and cut-to-size services indicates an adaptation to modern customer expectations. However, the financial trends suggest that Savoy Timber Ltd is facing challenges in maintaining profitability, and it's important to monitor its performance in the coming year.

Registered in England/Wales under the registration number 02416333, with a registered address at BD8 7DQ, England, Bradford, Thorncliffe Works, Midland Road.

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