Ferrano Ltd

Ferrano Ltd is a small, holding company registered in Lowestoft, UK, with an active status. Established two years ago in June 2022, the company employs just one person and holds assets valued at £127,010. It operates from a real address and is managed by one director and one owner. The firm is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with its last import operation recorded one month ago in March 2023.

The company’s website showcases a unique approach to luxury bathroom fit-outs. Ferrano Ltd positions itself as a family-owned business specializing in pre-fabricated vanity units. Their system involves designing, coordinating, and fabricating units offsite to ensure high quality and precision. The process includes a pre-wall frame installation and a simple "slide-in" connection for finished units, minimizing disruption on-site. The website highlights a focus on quality, precision, and simplicity, targeting a high-end residential market.

Financially, Ferrano Ltd presents a mixed picture. While cash bank on hand increased significantly by 99% to £100,000, other key areas show declines. Current assets decreased by 13% to £130,000, and finished goods remained constant at £5,000. Trade debtors experienced a dramatic increase of 380%, reaching £13,000, which could indicate a shift in payment terms or potential collection issues. However, creditors also decreased by 34%, suggesting better management of short-term liabilities. The company's net assets grew by 89% to £55,000, and bank borrowings decreased by 99%, which is a positive sign. The company is small, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor is typical for a small company.

Overall, Ferrano Ltd appears to be navigating a period of change. The increase in debtors and decrease in cash reserves could be temporary, but it’s worth monitoring. The company's focus on a niche market and its innovative pre-fabrication system could provide a buffer against broader economic pressures, but the numbers suggest it’s not without its challenges.

Registered in England/Wales under the registration number 14183458, with a registered address at NR33 7NL, England, Lowestoft, Regents House, 42 Pinbush Road.

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