Brass Foundry Castings Limited

Brass Foundry Castings Limited, based in Eastbourne, UK, is a small, active family business established 21 years ago. With just two employees and £13,083 in assets, it operates from a virtual address – a point to note as 214 companies share the same location. The company is run by two directors and two owners, Mitchell Alexander and Mitchell Martyn Paul, who also serve as directors.

The business focuses on retail sales via mail order and the internet, specializing in antique furniture restoration and a wide range of brass products, including hardware, fittings, and architectural elements. Its website showcases a 42-year-old company providing handmade brass products and even offering to create matching items for customers missing pieces. The site is quite extensive, with detailed product categories and even a clearance sale section.

Financially, Brass Foundry Castings Limited is showing some concerning trends. While bank borrowings have slightly decreased, cash reserves have fallen significantly by 46%, leaving just £3,600. Creditors have increased by 7.4%, and net assets have plummeted by a staggering 1400%, resulting in a net liability of £1,800. Although the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the decline in equity is a notable concern. The company’s unaudited financial statements, prepared by CCH Accounts Production 2024.310, don’t mention an auditor, likely due to its small size. It's a little worrying that the company has elected not to include a copy of the income statement within the financial statements.

Registered in England/Wales under the registration number 05001140, with a registered address at BN21 4PT, United Kingdom, Eastbourne, East Sussex, 18 Hyde Gardens.

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