Staples (vegetables) Limited

Staples Vegetables Ltd, a large company based in Sibsey, Boston, UK, has been a fixture in the vegetable industry for 73 years, founded way back in 1952. With a workforce of 1,211 employees and £28.6 million in assets, it's a significant player, holding company status, and boasting yearly revenue of £151.3 million. Four directors and one owner oversee operations, with a solid Google rating of 4.0 based on 200 reviews. The company regularly imports and exports edible vegetables and roots, with 65 months of import activity and 42 months of export activity.

The company's website, staplesvegetables.co.uk, paints a picture of a vertically integrated operation. It's not a typical e-commerce site; instead, it focuses on showcasing its farming practices, particularly the "unique integrated production system" at its Wrangle farm. The site highlights its commitment to crop production, innovation, and quality, even mentioning a "Root Studio" for its operations. It also emphasizes its BRC production sites and Earned Recognition transport, and a commitment to continual investment and technology. A section dedicated to job opportunities showcases the diverse roles available, from field work to factory positions.

Financially, Staples Vegetables Ltd presents a mixed picture. While turnover increased by a healthy 15%, to £150 million, there are some concerning trends. Cash bank on hand dropped significantly, by 51%, to just £2.6 million, and net assets decreased by 18% to £19 million. Bank borrowings increased by a substantial 60%, reaching £6.9 million, suggesting the company is relying more on debt financing. However, creditors decreased slightly, by 0.71%, which could indicate improved debt management. The company's size (meeting two of three criteria for a large company) means it’s not subject to a full audit, relying on unaudited statements. The company’s deferred tax liability increased substantially, by 76%, to £1.2 million, which may be a consequence of changes in accounting policies or tax regulations.

Overall, Staples Vegetables Ltd appears to be a well-established company facing the challenges of a competitive market. The increase in borrowing and decrease in cash reserves suggest the company is investing in its operations, but it will need to carefully manage its finances to ensure long-term sustainability. The company’s continued focus on quality and innovation, as highlighted on its website, will be crucial for maintaining its position in the industry.

Registered in England/Wales under the registration number 00504587, with a registered address at PE22 0SE, Sibsey, Boston, Lincs., Station Farm, Station Road.

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