Burrows & Smith Limited

Burrows & Smith Limited, based in Syston, Leicestershire, is a sizable, active company with a rich history, having been founded 84 years ago in 1941. Employing 44 people, the company holds assets worth £6.46 million and generates annual revenue of £5.02 million. While it has a registered address, thirteen companies share the same location, suggesting a virtual address. The company is managed by three directors and has one owner, and maintains a respectable Google rating of 4.0 based on ten reviews.

The company operates in the other manufacturing n.e.c. industries, and is a regular exporter of machinery, boilers, and mechanical appliances, parts, having exported for nineteen months. It’s also an irregular importer of electrical machinery and equipment, having imported for two months. The company’s website highlights its capabilities in precision engineering, particularly in machining ferrous castings, and even mentions a division specializing in high-end piano restoration.

Financially, Burrows & Smith Limited has experienced some turbulence. While turnover remains strong at £5.02 million, net assets have decreased significantly, falling 6.8% to £5.7 million. Cash reserves have also declined by 89%, dropping to £160,000. Bank borrowings have surged by a staggering 1300%, reaching £110,000, which may indicate an increased need for working capital. Creditors have also decreased by 65%, suggesting improved debt management. The company's size—meeting two of three criteria for a large company—allows for flexibility, but the drop in equity and cash warrants closer examination. The company’s financial statements were audited by Magma Audit LLP, which is reassuring.

The company's fluctuating import and export activity, coupled with the financial trends, suggest a company navigating a competitive market. The continued operation of the piano restoration division, despite the financial pressures, points to a diversified business model.

Registered in England/Wales under the registration number 00366790, with a registered address at LE7 1NL, Syston, Leicestershire, 365 Fosse Way.

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