Bennett Winch Ltd

Bennett Winch Ltd, based in Waterlooville, UK, is a small, active company established eleven years ago. With four employees and £1,096,386 in assets, it’s a modest operation boasting a stellar 5.0 Google rating from 111 reviews. The company has four directors and two owners, and operates from a real address. While it’s an irregular importer of treated or layered fabrics (just one month of imports in the last two years), it’s a regular exporter of leather goods, travel bags, and animal harnesses—with 130 months of export activity recorded.

The company’s website showcases a range of handmade luggage and accessories, emphasizing British craftsmanship and a focus on quality. It operates a flagship store and sells via its website, offering a wide selection of holdalls, backpacks, briefcases, and small leather goods. The site also features a journal with content on design, craftsmanship, and travel. The company has a strong emphasis on international sales, with currency options and shipping details for numerous countries.

Financially, Bennett Winch Ltd presents a mixed picture. Current assets decreased by 11% to £1,100,000, while net assets dropped by a significant 150% to -£190,000. Bank borrowings decreased by 4.4% to £620,000, and cash reserves plummeted 73% to £100,000. Trade creditors increased by 44% to £290,000, and trade debtors decreased by 59% to £46,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the substantial equity decline raises concerns. The company is exempt from an audit as a small company, so the figures are unaudited.

It’s clear that while Bennett Winch Ltd maintains a strong brand and positive customer reviews, it's facing financial headwinds. The decrease in cash reserves and the negative equity suggest the company may be burning through money, although the decrease in bank borrowings is a positive sign. It will be interesting to see how the company navigates these challenges and whether it can sustain its growth in the long term.

Registered in England/Wales under the registration number 08964105, with a registered address at PO7 5NT, England, Waterlooville, 62 Stakes Road, Purbrook.

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