Underwood Meat Company Limited

Underwood Meat Company Ltd from Rotherham UK is a large, active company founded 32 years ago. Employing 259 people, it holds assets of £13,332,437 and operates as a holding company. The firm boasts a perfect 5.0 Google rating based on 57 reviews, and is managed by four directors and one owner. It regularly imports meat and edible meat offal (6 months imported) and exports meat, fish, and seafood preparations (2 months exported).

The company's website highlights its position as one of the UK’s largest independent catering butchers, operating for almost 50 years. It's owned and managed by two active partners, supported by a skilled team and directors. The business operates from two locations: Rotherham and Godalming, Surrey, and has a strong focus on quality and customer trust. Associated companies include Northern Catering Butchers Limited and Manor Farm Sausage Co Ltd.

Financially, Underwood Meat Company Ltd shows a mixed picture. Accrued liabilities increased by 17%, while accumulated amortisation of intangible assets rose by 9.1%. However, bank borrowings vanished completely, a positive sign. Staff costs increased by 26%, and net losses deepened considerably, from £560,000 to -£380,000. Despite this, creditors decreased by 18%, suggesting improved debt management. The company meets the criteria to be considered large, having turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The accounts were audited by BHP LLP.

While the company's strong reputation and two-location setup suggest stability, the significant loss and reduced cash reserves indicate potential financial pressures. The continued growth in staff costs, while reflecting business expansion, may also require careful monitoring to ensure profitability.

Registered in England/Wales under the registration number 02716900, with a registered address at S60 1RU, Rotherham, Unit 15 Ashley Business Court, Rawmarsh Road.

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