The Avocet Hardware Group Limited

Avocet Hardware Group Ltd, based in Brighouse, UK, is a sizable company with an active status, founded seven years ago in 2017. Employing 87 people, it holds £15.8 million in assets and generates £21 million in yearly revenue. The company, with two directors and a solo founder, boasts a solid 4.0 Google rating from 20 reviews. It's a regular importer and exporter of miscellaneous metal items, with a long history of 330 months of imports and 130 months of exports.

The company’s website reveals a focus on hardware and building supplies, operating primarily as a B2B supplier. It offers a wide range of cylinders, door hardware, and window accessories, with a particular emphasis on ABS products. The site features a "track order" function, suggesting a direct-to-trade model. It also includes a section for "build to code" addons, catering to specific industry requirements. Customer reviews highlight the company's expertise and helpfulness, with one mentioning a "lovely company to work with" compared to competitors.

Financially, Avocet Hardware Group Ltd presents a mixed picture. While turnover remains strong, key metrics show some concerning trends. Accrued liabilities and deferred income decreased by 16%, which could indicate tighter financial management, but the company’s net assets also fell by 19% to £1.1 million. Bank borrowings were reduced by 37%, a positive sign, but cash and bank balances declined by 14% to £410,000. Perhaps most significantly, administrative expenses increased by 11%, which could be putting pressure on profit margins. The company's average number of employees increased by 8%, which may have contributed to the rise in expenses. The company’s auditor, Wallace Crooke, provided an unaudited statement.

Overall, Avocet Hardware Group Ltd appears to be a stable, established player in its sector, but the declining net assets and rising expenses warrant close monitoring. The company’s focus on quality products and customer service seems to be paying off, but maintaining profitability in a competitive market will be crucial for long-term success.

Registered in England/Wales under the registration number 11056301, with a registered address at HD6 2RW, England, Brighouse, West Yorkshire, Brookfoot Mills Brookfoot Industrial Estate, Brookfoot.

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