Harvest Wildlife Products Ltd

YEAR ENDED 31 JULY 2025 Review of the business The principal activity of the company during the year was the manufacture and sale of wildlife products. The company has shown a decrease in turnover during the year to £17.1m (2024: £18.4m). Similarly, gross profit has decreased to £3.2m (2024: £4m) from the decrease in sales and the gross profit margin to 18.7% (2024: 21.8%). Turnover and gross margin are the key performance indicators used by the directors in managing the business and are monitored through monthly management accounts. The profit for the year before taxation is £24,193 (2024: profit of £1.2m). Principal risks and uncertainties The principal risks and uncertainties faced by the business are: Commodity prices and continuity in supply Some of our main raw materials are commodities traded on markets around the world which means the business can be exposed to volatility in price from fluctuations in supply and demand. The company aims to ethically source widely from multiple suppliers and where possible agree long term supply contracts to agree a fixed price and bring a high degree of certainty. Competitive pressures The marketplace we sell into is competitive. We strive to provide a best-in-class service in availability, quality and value for money in what we offer. We have again invested significantly in new plant and equipment, systems and employees to maintain our USP and become the 'one-stop shop'. We will continue to do this to enable us to stay competitive in the marketplace. Credit risk Credit risk is managed by working closely with customers, suppliers and prospective trading partners in the assessment of risk and the basis of how trade is conducted. Trade credit insurance is obtained to protect against default of amounts owed by customers.