Thomas Herne Limited

Thomas Herne Limited, based in Leigh-On-Sea, UK, is a small, active family business founded eleven years ago. With three employees and £1,761,623 in assets, it operates from a virtual address shared by many other companies, a fact that raises some questions. Two directors and two owners manage the business, which regularly imports textile padding, felt, and nonwoven fabrics, special yarns, ropes, and cables – a trend observed over the last seven months. The company’s primary activity involves retail sales, not in stores, stalls, or markets.

The company’s website showcases Thomas Herne Limited as a leading distributor of scaffolding, construction building materials, and safety products, catering to the UK market. It offers a wide range of items, from scaffold sheeting and safety gloves to ratchet straps and protective covers, all available for purchase online. The site clearly targets construction and industrial clients, emphasizing competitive pricing and reliable customer support. It seems to be an ecommerce business, but with a focus on wholesale and distribution rather than direct-to-consumer retail.

Financially, Thomas Herne Limited presents a mixed picture. While current assets increased by 15% to £1,800,000, net assets grew by a more substantial 48% to £460,000. However, bank borrowings decreased significantly by 96%, dropping to just £11,000, and cash reserves increased by a large 430% to £220,000. Average number of employees decreased by 33% to two, which could be a cause for concern. Creditors decreased by 12%, suggesting improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the changes in employee numbers are notable. As a small company, it is exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 09026955, with a registered address at SS9 2HA, England, Leigh-On-Sea, Essex, 55 Rectory Grove.

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