Thorogood Timber Limited

Thorogood Timber Ltd from Colchester, Essex, UK, is a well-established family business with a strong trading status. Founded 62 years ago in 1963, the company has grown to employ 40 people and holds assets valued at £4,317,630. With five directors and three owners, it operates from a real address and boasts an impressive Google rating of 5.0 based on 20 reviews. The company is a regular importer of wood and wood products, having imported for 236 months, with the most recent import occurring in March 2025.

The company’s core business revolves around the wholesale of wood, construction materials, and sanitary equipment. While no website is available for direct analysis, the company's longevity and consistent import activity suggest a focus on established B2B relationships rather than direct-to-consumer e-commerce.

Financially, Thorogood Timber Ltd presents a mixed picture. Current assets have decreased slightly, dropping by 6.1% to £4,300,000, while net assets have increased by 3.2% to £4,700,000. Bank borrowings have seen a significant surge, increasing by 2,400% to £29,000, and cash reserves have fallen by 21% to £1,600,000. Creditors have decreased by 29%, suggesting improved debt management. The company’s small size—meeting two of three conditions for classification—allows for flexibility, but the rise in borrowings could indicate increased investment or working capital needs. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Thorogood Timber Ltd appears to be a resilient, family-run business navigating the challenges of a changing market. While the increased borrowings warrant monitoring, the company’s established reputation and consistent import activity suggest a stable foundation for future growth.

Registered in England/Wales under the registration number 00746503, with a registered address at CO7 7PQ, Colchester Essex, Colchester Road, Ardleigh.

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