Black Country Saddles Limited

Black Country Saddles Ltd from Cannock UK: a small, active company founded 22 years ago in 2002, employs 29 people, and holds £208,035 in assets. It has a real address, three directors, and two owners. The company is an irregular importer of leather goods, travel bags, and animal harnesses (just one month of imports recorded in 2022) but a regular exporter of the same items (31 months of exports, with the latest in December 2024).

The company operates within the manufacture of luggage, handbags, saddlery, and harness industries, and its website, though not provided, likely reflects this focus. It’s a small company, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees).

Financially, Black Country Saddles Ltd shows some concerning trends. While cash reserves increased slightly to £110,000, current assets dropped by 18% to £210,000. Trade debtors saw a significant decrease of 50%, falling to £59,000, which could indicate improved collection efforts or reduced sales. However, net assets declined by 13%, settling at £340,000, and bank borrowings increased, suggesting a reliance on credit. Accumulated depreciation on property, plant, and equipment rose by 21%, and intangible assets decreased by 20%, reflecting ongoing investment and write-offs.

The company’s small size means it's likely exempt from an audit, and the unaudited financial statements rely on director-reported data. Overall, Black Country Saddles Ltd appears to be navigating a challenging financial environment, with a need to manage its debt and maintain sales momentum.

Registered in England/Wales under the registration number 04513414, with a registered address at WS11 0DB, Cannock, Staffordshire, Saddlers House Church Street, Bridgtown.

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