Drew Pritchard Limited

Drew Pritchard Ltd, based in Llanrwst, UK, is a small, active company established 21 years ago. With six employees and £831,903 in assets, it operates from a real address and is overseen by one director and owner. The business is known for its irregular importing of art and antiques (two months of activity, last in June 2023) and its consistent exporting of art and antiques (30 months of activity, last in October 2024).

The company’s website, Drew Pritchard Antiques Dealer, showcases a diverse collection of antiques, lighting, seating, and decorative items. It also features a dedicated section for lighting and offers services like antique restoration. The site’s global reach is evident in its currency converter, allowing customers to browse and purchase in various currencies. It’s a well-designed site, and they’re clearly aiming for a high-end customer base.

Financially, Drew Pritchard Ltd's recent performance presents a mixed picture. Current assets have plummeted by a significant 57%, dropping to £830,000. This is a big change from the previous year. Bank borrowings have also increased, rising by 26% to £900,000. However, cash reserves have seen a substantial boost, increasing by 250% to £44,000. Creditors have also risen by 12%, reaching £1.1 million. Equity, however, has taken a dramatic hit, falling 120% to -£220,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity is concerning. There's no auditor mentioned, likely due to the company's small size and exemption from an audit.

The company’s reliance on importing and exporting art and antiques, while niche, makes it vulnerable to market fluctuations and supply chain disruptions. The significant increase in bank borrowings suggests a need for capital, potentially to fund growth or cover operating expenses. While the boost in cash reserves is positive, the overall financial picture indicates a company facing challenges—but also one with potential, given its established brand and focus on high-value antiques.

Registered in England/Wales under the registration number 04810278, with a registered address at M2 4WQ, England, Manchester, C/O Mtm 3rd Floor, 82 King Street.

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