Coney's Of Lincoln Limited

Coney's Of Lincoln Ltd, based in Boston, UK, is a small, active family business established twelve years ago. With twenty employees and £1,270,144 in assets, it operates from a virtual address – registered at 75 High Street, but sharing the space with thirty-seven other companies. The company is run by two directors and two owners, Crowson Jodi Louise and Crowson Scott William, who also serve as directors. Google reviews are stellar, boasting a 5.0 rating from ninety-nine reviews. It's a regular importer of clothing and accessories (not knitted or crocheted), with nineteen months of import activity recorded.

The company’s website, Coney's Of Lincoln, is a retail clothing store. It appears to be a straightforward e-commerce operation, with a clean design and a focus on online sales. There’s no indication of a physical store or showroom. The website showcases a range of clothing items, suggesting a general retail focus rather than a specialized niche.

Financially, Coney's Of Lincoln Ltd presents a mixed picture. Current assets increased by 18% to £1,300,000, while net assets decreased by 16% to £140,000. Bank borrowings increased significantly by 150% to £130,000, and cash reserves grew by 35% to £76,000. Creditors rose by 38% to £1,000,000, which could indicate increased purchasing activity or potentially a reliance on credit. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in equity is something to keep an eye on. As a small company, it is exempt from an audit, so these are unaudited figures.

The company’s growth in bank borrowings and increase in creditors suggests it may be burning through cash a little faster than it’s bringing it in, but the growth in assets and cash reserves shows it’s still managing. It’s a steady, if not spectacular, performance for a small, family-run business.

Registered in England/Wales under the registration number 08081007, with a registered address at PE21 8SX, England, Boston, 75 High Street.

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