Fortnum & Woolley Limited

Fortnum & Woolley Limited is a small, active company based in Dumfries, UK, established 23 years ago in 2001. With a real registered address and four directors, including Matthew Fortnum, the company employs just three people and holds £85,088 in assets. It operates as a regular importer, primarily of iron or steel products, with recent activity recorded three months ago in June 2023. The company’s activities involve roofing and construction of commercial buildings.

The business operates through a virtual address, as forty-two companies are registered at the same address, which is a bit unusual. The website is non-existent, so it’s unclear if they have an online presence or rely solely on direct sales or trade contacts.

Financially, Fortnum & Woolley Limited presents a mixed picture. Current assets have increased significantly, jumping 93% to £85,000, while debtors have skyrocketed by 990%, reaching £35,000. This could indicate a recent surge in sales but also potential challenges in collecting payments. Equity, however, has dramatically improved, rising from a negative -£8,600 to a positive £6,400, a remarkable turnaround. Bank borrowings have decreased by 40%, dropping to £11,000, suggesting better cash flow management. Creditors have also increased by 110%, reaching £59,000.

The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the large increase in debtors warrants monitoring. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies exempt from an audit. The company’s financial statements are prepared in accordance with FRS 102, and the directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006.

Registered in Scotland under the registration number SC221599, with a registered address at DG1 1EA, United Kingdom, Dumfries, 23 George Street.

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