Brown & Gammons Limited

Brown & Gammons Ltd, based in Hitchin, UK, is a small, active company with a long history, having been founded 48 years ago in 1977. This family business employs 14 people and boasts assets of £2,042,020. It’s a regular importer and exporter of vehicles, parts, and accessories (excluding trains and trams), having imported for 19 months and exported for 54 months, with the last export operation occurring in June 2024.

The company’s website reveals a focus on used vehicle sales, particularly MG vehicles, with a showroom and service centre in Hertfordshire. It caters to a wide range of customers, from those seeking classic MG models to those interested in the latest MG electric vehicles. The website also features a parts store and workshop services, suggesting a comprehensive offering for MG enthusiasts. It's a family owned business championing the MG brand.

Financially, Brown & Gammons Ltd shows some interesting trends. While cash reserves increased significantly by 200% to £410,000, current assets decreased by 20% to £2,000,000. Trade debtors decreased by a substantial 52%, which could indicate improved collection efforts, but also potentially reduced sales. Creditors decreased by 46%, suggesting better debt management. However, net losses deepened to -£23,000. The company meets the criteria to be considered a small business, with a turnover under £10.2 million and fewer than 50 employees. As a small company, it is exempt from an audit, so the financial statements are unaudited. The increase in bank borrowings by 2,400% to £29,000 is a concern. The company has five directors and two owners, and the list of directors was changed eighteen years ago.

Registered in England/Wales under the registration number 01302279, with a registered address at SG5 3PF, England, Hitchin, The Straw Barn Upton End Farm Business Park Meppershall Road, Shillington.

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