Coryndon Limited

Coryndon Limited, based in Marlborough, Wiltshire, is a small, active company established 21 years ago. With 16 employees and £172,651 in assets, it operates from a real address and is managed by two directors and two owners. The company boasts a Google rating of 4.0 based on two reviews, reflecting a generally positive customer perception. It’s a regular importer, primarily focusing on furniture, lighting, and prefabricated buildings, with the most recent import activity occurring in April 2024.

Coryndon Limited’s core business lies in the manufacture of wood products, cork, and plaiting materials, as well as other furniture industries. It appears to be a family-run operation, with two directors, Mr. Nicholas Coryndon and Mr. Lewis David Ilias, at the helm. The company’s website, while not extensively detailed, suggests a focus on traditional craftsmanship and bespoke furniture solutions.

Financially, Coryndon Limited presents a mixed picture. Current assets have significantly decreased by 39%, dropping to £170,000, while trade debtors have plummeted by a substantial 90%, leaving only £13,000. Equity has taken a dramatic hit, declining by 200% to -£130,000 – a concerning trend. Bank borrowings have also increased by 140%, reaching £61,000. Despite these challenges, creditors have decreased by 3.8%, suggesting some improvement in managing short-term liabilities. As a small company (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it’s likely exempt from an audit, relying on unaudited financial statements.

The sharp decline in equity and the increased reliance on bank borrowings are points to watch. While the company’s niche focus and positive Google rating suggest a degree of customer loyalty, the financial pressures could require careful management in the coming months.

Registered in England/Wales under the registration number 04865286, with a registered address at SN8 4HZ, Wiltshire, Rainscombe Farm Buildings, Oare, Marlborough.

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