Crown Hides Limited

Crown Hides Ltd, based in London, UK, is a sizable company with an active status, having been established fifteen years ago in 09 July 2009. The company employs nine people and holds £12,684,072 in assets, operating from a real address and managed by two directors and one owner. It runs an e-commerce site and has a stellar 5.0 Google rating based on one review. The company is an irregular importer, primarily dealing in leather goods, travel bags, and animal harnesses, with the last import operation occurring two months ago.

The company’s website, Crown Northampton, is dedicated to the craft of handmade shoes. It showcases a range of sneakers, desert boots, and jazz-style shoes, all made in Northampton, England. The site emphasizes traditional British shoemaking methods and uses only the finest locally sourced materials. It’s clear that the company is focused on quality and craftsmanship, offering a range of styles and care products.

Financially, Crown Hides Ltd presents a mixed picture. While current assets increased by 11% to £13,000,000, equity plummeted 73% to £200,000. Bank borrowings jumped 330% to £1,200,000, and cash reserves fell 96% to just £13,000. Creditors decreased by 41%, suggesting improved debt management. The company meets two of three criteria to be considered a medium-sized company, indicating a balance between size and agility. The unaudited figures, prepared by CCH Software, rely on director-reported data and do not mention an auditor.

The sharp decline in equity, alongside the increased borrowings, suggests the company may be burning through cash. However, the growth in assets and the decrease in creditors hint at a focus on sales and efficient debt management. Whether Crown Hides Ltd can sustain its growth and profitability remains to be seen, but its commitment to quality and craftsmanship provides a strong foundation for the future.

Registered in England/Wales under the registration number 06977562, with a registered address at NW3 6BX, England, London, Meridian House Suite A, Ground Floor, 202-204 Finchley Road.

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