Shepcote Distributors Limited

Shepcote Distributors Limited, based in Driffield, UK, is a well-established company with a 56-year history, currently employing 65 people. Holding £3.6 million in assets and generating £17 million in yearly revenue, it operates as a holding company and is actively trading. The company boasts a perfect 5.0 Google rating from nine reviews, and is known for importing edible fruits and nuts, with the latest import operation occurring in August 2024.

Primarily a wholesale distributor, Shepcote specializes in sugar and chocolate confectionery, bakery ingredients, and even manufactures its own marzipan. Its website highlights a diverse range of products, from nuts and seeds to ice cream toppings, catering to both retail and wholesale customers. The company also offers packaging services and even contracts with larger brands, suggesting a blend of direct sales and supply chain partnerships. The website also mentions a BRC AA Grade certification, indicating adherence to strict food safety standards.

Financially, Shepcote shows a mixed picture. While turnover increased by 11%, cash reserves fell by 43% to £860,000. Bank borrowings increased by 2400% to £99,000, which could be a sign of expansion or a need for additional capital. Creditors also rose by 32%, which might reflect increased supplier payments. Despite these challenges, the company’s assets increased by 18% to £3.6 million. The company is not required to have an audit, so the figures are unaudited.

The company’s management team consists of three directors, and it is ultimately controlled by Edward Richard Shepherdson. The sharp increase in bank borrowings, combined with the decrease in cash reserves, suggests Shepcote may be investing in growth—perhaps expanding its product line or distribution network—but it’s also worth noting that the company’s financial performance is closely tied to the broader food industry, which can be affected by factors like supply chain disruptions and changing consumer preferences.

Registered in England/Wales under the registration number 00949706, with a registered address at YO25 9FR, England, Driffield, East Yorkshire, Pexton Road, Kelleythorpe Industrial Estate.

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