Drennan International Limited

Drennan International Ltd, based in Cowley, UK, is a well-established family business with a 45-year history. The company, currently employing 60 people, holds assets valued at £10,646,820 and operates from a real address. With five directors and two owners, it’s a significant player in the UK market, boasting a Google rating of 4.0 based on 11 reviews. Drennan International is a regular importer and exporter of toys, games, and sports equipment, with 415 months of import activity and 254 months of export activity recorded.

The company’s website showcases a broad range of fishing tackle and accessories, catering to both recreational and professional anglers. It's clear that Drennan International’s core business revolves around the manufacture and distribution of fishing tackle, with a strong emphasis on quality and British craftsmanship. The website also highlights a network of sponsored anglers and teams, demonstrating the company’s commitment to supporting the fishing community.

Financially, Drennan International presents a mixed picture. While current assets remained relatively stable at £11,000,000, net assets increased by 13% to £15,000,000. However, director remuneration decreased by 36% to £360,000, and bank borrowings increased by 220% to £290,000. The company’s size (meeting two of three criteria for a large company) suggests it’s navigating a competitive market. The lack of a named auditor in the report indicates it’s likely exempt from external audit requirements.

The increase in bank borrowings could indicate investment in new equipment or expansion efforts, while the decrease in director remuneration might reflect a shift in priorities or cost-cutting measures. Overall, Drennan International appears to be a financially healthy, family-run business with a strong reputation in the fishing tackle industry, although the increase in bank borrowings is something to keep an eye on.

Registered in England/Wales under the registration number 01420261, with a registered address at OX4 2EX, Cowley, Oxford, Bocardo Court, Temple Road.

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