Snowdon Timber Products Ltd

Snowdon Timber Products Ltd, based in Bangor, UK, is a small, active company founded five years ago in 2019. With ten employees and £786,900 in assets, it’s a modest operation run by a single director and owner, Jody Goode. The company enjoys a stellar 5.0 Google rating from 25 reviews, and operates from a real address at Unit 3a Llandygai Industrial Estate. It’s an irregular importer, with its top import category being Wood and Wood Products, totaling 2 months of imports, the last operation conducted on November 01, 2024. The company operates in the agents involved in the sale of timber and building materials industries.

The company's website, Snowdon Timber Outlet, suggests a focus on timber sales and potentially a retail presence. While the site doesn't explicitly state whether it’s an e-commerce platform, the name "Outlet" implies a focus on discounted timber products. It's likely the company primarily serves local contractors and builders, offering a range of timber and building materials.

Financially, Snowdon Timber Products Ltd presents a mixed picture. Cash reserves have surged an impressive 2,800% to £510,000, a very positive sign. However, creditors have also risen significantly by 56% to £920,000, which could indicate increased borrowing or extended payment terms with suppliers. Trade debtors have vanished completely, a strange development that warrants further investigation—perhaps all outstanding invoices were collected. Property, plant, and equipment have decreased by 6.6% to £290,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp rise in creditors is something to watch. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Snowdon Timber Products Ltd seems to be experiencing a period of rapid growth, but also facing increased financial obligations. The company’s irregular import activity and focus on local timber sales suggest a business that’s adapting to market demands—though the sudden disappearance of debtors is a bit puzzling.

Registered in Wales under the registration number 12241413, with a registered address at LL57 4YH, Wales, Bangor, Unit 3a Llandygai Industrial Estate, Llandygai.

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