Anness Publishing Limited

Anness Publishing Ltd from Braintree UK: a small company with an active status, was founded 36 years ago in 1989. It employs nine people and holds £9,064,967 in assets, operating from a virtual address. The company is led by five directors, with one owner—a solo founder. It regularly imports printed materials like books, newspapers, and pictures, with 14 months of import activity, and exports similar items, with eight months of export activity.

The company’s core business revolves around book publishing, as evidenced by its website. It seems to be a traditional publisher, though specific titles or genres aren’s immediately apparent. The website is quite basic, lacking e-commerce functionality, suggesting a focus on wholesale or distribution rather than direct sales to consumers.

Financially, Anness Publishing Ltd shows a mixed picture. Current assets have increased by 6.5% to £9,100,000, while net assets decreased by 8.1% to £8,700,000. Bank borrowings have increased by 140% to £110,000, and cash reserves have increased by 42% to £5,100,000. Trade debtors have increased by 2.7% to £830,000, and creditors have increased by 67% to £400,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is common for small companies.

The significant increase in bank borrowings and the decrease in net assets are worth noting. While cash reserves are healthy, the rise in debt suggests the company may be investing in its business or facing increased operating costs. It’s possible that the company is expanding its operations or acquiring new assets, which could explain the increased borrowing. The rise in trade debtors may indicate slower payments from customers, which could put a strain on the company’s cash flow.

Registered in England/Wales under the registration number 02375310, with a registered address at CM7 3GB, United Kingdom, Braintree, Essex, 3 Warners Mill, Silks Way.

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