Coles Brothers Ltd

Coles Brothers Ltd is a small, active company based in Ruislip, UK, founded seven years ago in 2018. With £55,107 in assets and a real address, it’s a family-run business with two directors and two owners. The company operates in the agents involved in the sale of a variety of goods industries and regularly imports toys, games, and sports equipment, with four months of import activity recorded as of August 1, 2024.

The company’s website, Coles Menswear and Wedding Hire, reveals a more established retail operation. It operates from three locations – Epping, Uckfield, and Saffron Walden – offering menswear, wedding suit hire, and a range of accessories. The website highlights a family-run business since 1928, specializing in fine clothing and providing a personal experience for grooms and groomsmen. It also stocks Barbour clothing and offers a range of services, including suit hire and alterations.

Financially, Coles Brothers Ltd shows a mixed picture. Current assets decreased slightly to £55,000, while net assets declined by 7% to £8,800. Bank borrowings decreased by 31%, reaching £3,800, and cash reserves fell 50% to £19,000. However, total inventories saw a massive 530% increase, reaching £25,000—a significant shift. Trade debtors also decreased by 15%, suggesting improved collection practices. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the rise in inventories and the decrease in cash reserves warrant attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Coles Brothers Ltd seems to be holding its own, but the surge in inventory suggests a possible shift in strategy or a need to manage stock levels more effectively.

Registered in England/Wales under the registration number 11301307, with a registered address at HA4 7AE, England, Ruislip, 2nd Floor, College House, 17 King Edwards Road.

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