Barnitts Limited

Barnitts Ltd is a small, active company with a remarkable history, having been founded 112 years ago in 1913. Based in York, it operates from a real address and employs 43 people, holding assets valued at £673,562. With three directors and one owner (Thompson Paul Howard), the company runs an e-commerce site and enjoys a stellar 5.0 Google rating from over 1000 reviews. It's a regular importer, specializing in furniture, lighting, and prefabricated buildings, though its import activity has been limited to just three months over the past several years.

The company's website showcases a wide range of products, from DIY supplies and electricals to furniture and homeware. It's a one-stop shop for home essentials, with a strong focus on providing a diverse selection and competitive pricing. The site is well-organized, with clear categories and detailed product descriptions, making it easy for customers to find what they need. It also offers free in-store collection and free returns, adding to its customer-friendly approach.

Financially, Barnitts Ltd presents a mixed picture. Current assets have decreased by 8.4% to £670,000, while net assets have increased significantly by 160% to £1.9 million. Bank borrowings have decreased by 38%, suggesting a reduction in debt, and cash reserves have increased by 68% to £56,000. Creditors have also decreased by 14%, indicating improved debt management. However, the number of employees has fallen from 43 to 40, which could be a sign of restructuring or cost-cutting measures. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the decrease in employees is something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Barnitts Ltd seems to be navigating the current economic climate well, maintaining a strong online presence and a loyal customer base. The company’s long history and positive reputation provide a solid foundation for future growth, but the decrease in employees is something to monitor closely.

Registered in England/Wales under the registration number 00129307, with a registered address at YO1 8BW, 24-26 Colliergate, York.

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