Desmond & Sons Limited

Desmond & Sons Limited is a small, active company based in St. Albans, UK, established thirteen years ago in 2012. It employs seven people and holds £642,487 in assets. With a real registered address, two directors, and one owner, the company operates in the repair of furniture and home furnishings industries. It's an irregular importer, primarily dealing in stone, plaster, cement, and similar material products, with the last import activity recorded one month ago.

The company’s website is not available, so it’s difficult to determine if it operates an e-commerce site. However, the business appears to focus on the repair and restoration of furniture and home furnishings.

Financially, Desmond & Sons Limited shows a mixed picture. Cash bank on hand decreased by 15% to £410,000, while current assets also dropped by 9% to £640,000. Trade debtors increased by 7% to £220,000, and creditors also rose by 12% to £160,000. Equity declined by 14% to £490,000, which could indicate a need for reinvestment or increased profitability. The company meets two of three criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, which is common for small companies.

The decrease in cash reserves and equity, alongside increased trade debtors, suggests the company may be facing some financial pressure. However, the increase in trade debtors could also reflect growth in sales, and the company’s small size allows it to remain agile. The irregular import activity indicates a potentially volatile supply chain, and the company will need to manage its inventory carefully.

Registered in England/Wales under the registration number 08008006, with a registered address at AL4 9LP, England, St. Albans, Hertfordshire, Unit A6 156 St. Albans Road, Sandridge.

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