Bishop & Miller Auctioneers Limited

Bishop & Miller Auctioneers Ltd, based in Stowmarket, UK, is a small, active company founded ten years ago in 2014. With sixteen employees and £770,189 in assets, it’s a well-established business operating from a real address. Owned and directed by Miller Oliver Eldric, the company is a solo founder’s vision. They regularly import and export art and antiques, with nineteen months of import activity and five months of export activity recorded.

The company’s website showcases a thriving auction house and valuation firm with over twenty years of experience. Bishop & Miller operates salerooms and auction galleries in Stowmarket, Suffolk, and Glandford, North Norfolk, holding regular sales and specialist auctions. They also offer online auctions through platforms like auctionet.com and the saleroom.com, catering to both seasoned collectors and newcomers. The website highlights a diverse range of departments, from Asian art to military collectibles, and emphasizes the expertise of its dedicated staff. They even provide valuation services, including probate and insurance appraisals.

Financially, Bishop & Miller Auctioneers Ltd presents a mixed picture. Cash reserves increased by a remarkable 200% to £620,000, a positive sign of liquidity. However, net assets decreased by 20% to -£19,000, indicating a significant equity drawdown. Creditors increased by 100% to £770,000, suggesting increased reliance on short-term debt, and bank borrowings also increased. Trade debtors decreased by 15%, which could reflect improved collection rates. 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 flexibility, but the decrease in equity warrants attention. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

The surge in creditors, while potentially linked to business expansion, could also signal increased financial pressure. The company’s success in attracting cash reserves, however, suggests a robust business model and a strong market presence.

Registered in England/Wales under the registration number 09242694, with a registered address at IP14 5AH, England, Stowmarket, 19 Charles Industrial Estate.

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