Banner Hardware Limited

Banner Hardware Ltd, based in Cheltenham, UK, is a small, active company established 39 years ago. With nine employees and £486,285 in assets, it operates from a virtual address—a detail worth noting as 42 companies are registered at the same location. The company is run by three directors and one owner, and holds a respectable Google rating of 4.0 based on three reviews. It’s a regular importer, specializing in treated or layered fabrics for industrial use, with 42 months of import activity recorded.

The company’s core business involves the wholesale of hardware, plumbing, and heating equipment and supplies. While no website was provided, this suggests a B2B focus, likely serving contractors and businesses rather than directly engaging with consumers. It’s probable that Banner Hardware relies on established relationships and trade shows to generate sales, rather than a large online presence.

Financially, Banner Hardware Ltd shows a mixed picture. Current assets have decreased by 39%, falling to £490,000, while net assets have also fallen significantly by 37%, landing at £420,000. Bank borrowings have decreased by 33%, now standing at £120,000, and cash reserves have fallen to just £2. Trade debtors have fallen by 37%, suggesting improved collection of payments. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no auditor mentioned, which is likely due to the company’s small size.

The sharp decline in net assets is a point of concern, though it could be due to increased investment in inventory or other assets. The decrease in bank borrowings is a positive sign, suggesting better debt management. Overall, Banner Hardware Ltd appears to be navigating a challenging economic climate, but its long-standing presence and established industry relationships should provide a degree of resilience.

Registered in England/Wales under the registration number 01984649, with a registered address at GL51 4GA, England, Cheltenham, Chargrove House Main Road, Shurdington.

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