Hughes Forrest Limited
- Active
- Medium
- 58 years
- 96 employees
- £10,159,773 (cur assets)
- £18,948,618 (revenue)
- 15m-54m
- Irregular importer
- Real address
- 4 directors
- 2 owners
- South Wales
- E-commerce
- Rating 5.0 (66)
Two conditions of three:
1.Turnover < £36 million
2.Balance sheet total < £18 million
3.Average number of employees < 250
Field of Operation
Website
Summary
Hughes Forrest Ltd, based in Newport, South Wales, is a well-established company with a long history, having been founded 57 years ago in 1968. As a large company, it employs 93 people and boasts assets of £9,422,491, generating a yearly revenue of £18,884,683. With four directors and two owners, it operates an e-commerce site and has earned a stellar 5.0 Google rating from 66 reviews. The company’s core business involves importing stone, plaster, and cement, though these imports are irregular, with the last shipment arriving over a year ago.
Hughes Forrest Ltd is a significant player in the agents involved in the sale of timber and building materials industries. It owns a roofing merchant and manages a buying group, demonstrating a broader network of business relationships. The company's financial data, audited by Haines Watts Wales LLP, reveals some interesting trends. While assets remain strong, net assets decreased by 14% to £8,600,000. Bank borrowings increased by 18% to £45,000, and cash reserves fell by 10% to £5,500,000. Creditors also increased by 10% to £2,100,000.
The company's financial performance reflects a mixed picture. While revenue remains high, the decrease in net assets and the increase in bank borrowings could indicate tighter margins or increased investment. The rise in creditors suggests a possible need to manage payment terms more effectively. Despite these challenges, Hughes Forrest Ltd maintains a strong online presence and a positive reputation among its customers, which should help sustain its position in the market. The decrease in deferred tax may have been caused by a change in accounting practices.
Registered in England/Wales under the registration number 00926615, with a registered address at NP20 2UP, South Wales, Bolt Street, Newport.
WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Owners & PSC
-
Individual
- 9 years
- 25%+
-
Resident of United Kingdom
-
Individual
- 9 years
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 21 years
- 1
-
Resident of United Kingdom
-
Individual
- 21 years
- 1
-
Resident of United Kingdom
-
Individual
- 23 years
- 1
-
Resident of United Kingdom
-
Individual
- 31 years
- 2
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted eight months ago.
Last news
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Confirmation statement made on 2025-10-20 with updatesDownload 4 pages pdf report
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Accounts for a medium company made up to 2024-12-31Download 21 pages pdf report
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Confirmation statement made on 2024-10-20 with no updatesDownload 3 pages pdf report
Importer profile by HS codes
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Import HS codes in detail
Last imported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
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