Bennett Bros Limited

Bennett Bros Limited, based in Littlehampton, UK, is a small, active company established 23 years ago. With just two employees and £51,313 in assets, it’s a modest operation overseen by two directors and a single owner. The company boasts a respectable Google rating of 4.0 based on 39 reviews. Bennett Bros primarily imports treated or layered fabrics for industrial use, though activity has been irregular, with the last import recorded one month ago in July 2023.

The company’s website paints a picture of a long-standing scrap metal dealer with a rich history. Founded in 2008, Bennett Bros has been operating in Stretford, Manchester, for 75 years, originally loaning ponies to rag and bone men. Today, it provides a comprehensive range of services, including shearing, bailing, metal processing, factory clearance, and container services, while adhering to environmental regulations. The website highlights a family-run business, proud of its heritage and commitment to innovation.

Financially, Bennett Bros Limited presents a mixed picture. While current assets increased by 20% to £51,000, net assets decreased by nearly 5% to -£19,000. Bank borrowings increased significantly by 110% to £17,000, and trade debtors surged by 150% to £19,000, suggesting a reliance on customer payments. Creditors also increased by 14% to £60,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the negative equity and rising debts are concerning. The accounts are unaudited, likely due to the company’s small size, and no auditor is mentioned.

Overall, Bennett Bros Limited appears to be navigating a challenging financial landscape. While its long history and diverse services provide a solid foundation, the company needs to carefully manage its debts and maintain customer payments to ensure its long-term viability.

Registered in England/Wales under the registration number 04296299, with a registered address at BN17 7PP, Littlehampton, West Sussex, The Red Barn Hollyacre, Toddington Lane.

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