Berisfords Limited

Berisfords Ltd from Congleton UK: a large company with an active status, was founded 33 years ago. It employs 84 people and holds assets worth £2,691,060, generating yearly revenue of £4,906,764. The company has a real address and is managed by seven directors, although no owners are officially listed. It boasts a perfect 5.0 Google rating based on seven reviews and regularly imports and exports special woven and decorative fabrics—165 months of imports and 212 months of exports.

The company’s website, berisfords.co.uk, showcases its core business: the manufacture of ribbons, bows, and textile trimmings. It serves a wide range of customers, from fashion houses to craft enthusiasts, and emphasizes quality, innovation, and customer service. While the website doesn’s explicitly state an e-commerce presence, the breadth of product offerings suggests a significant retail component.

Financially, Berisfords Ltd presents a mixed picture. Current assets have decreased by 18% to £2,700,000, while net assets have fallen by 31% to £1,900,000. Bank borrowings have increased by 71% to £93,000, and cash reserves have dropped 30% to £160,000. Creditors have also fallen by 56%, which could indicate improved management of short-term liabilities. The company’s size—meeting two of three criteria for a large company—suggests it’s established but facing some financial headwinds. The absence of a named auditor is likely due to the company’s size and exemption from mandatory audits.

The decrease in net assets and cash reserves, coupled with increased bank borrowings, raises concerns about the company’s financial health. While the decrease in creditors is a positive sign, it doesn’t fully offset the negative trends. It’s possible that the company is investing in new equipment or expanding its operations, but the lack of detail in the report leaves room for speculation. The company’s long history and strong reputation in the textile industry suggest it has the resilience to weather these challenges, but close monitoring of its financial performance will be crucial.

Registered in England/Wales under the registration number 02707046, with a registered address at CW12 1QY, England, Congleton, Cheshire, Jubilee Mill, Thomas Street.

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