Franchi Plc

Franchi Plc, a London-based company, is a large holding company with an active status, celebrating 39 years since its founding in 1986. Employing 75 people and boasting assets of £4,397,305, the company operates from a real address and is overseen by five directors and two owners. Franchi Plc regularly imports and exports miscellaneous metal items, with 76 months of import activity and 11 months of export activity recorded.

The company’s website paints a picture of a diverse business. While primarily a locksmiths, ironmongery, and hardware store, Franchi also runs a glass fittings department and provides locksmith security services throughout London. They’re even involved in high-end piano restoration through the 1066 Pianos division, showcasing a surprising breadth of operations. The site highlights quality products, expert advice, and a commitment to service—a clear message for both trade and retail customers.

Financially, Franchi Plc has experienced some shifts. Accrued liabilities increased by 3.9%, while accumulated amortisation on computer software jumped significantly. However, depreciation on equipment also rose, suggesting ongoing investment in infrastructure. Staff costs increased by 14%, reflecting the larger workforce, but net assets decreased by a substantial 490%. Bank borrowings increased by 22%, and cash reserves fell by 90%, indicating a need to manage liquidity. Despite these challenges, the company's turnover remains above £36 million, and it meets two out of three criteria to be considered a large company. The accounts were audited by Nash Harvey Group LLP.

The increase in bank borrowings and decrease in cash reserves, combined with the significant drop in equity, suggest Franchi Plc is facing financial pressures. However, the company’s diverse business lines and established reputation could provide a buffer against these challenges. It will be interesting to see how the company navigates these conditions in the coming year.

Registered in England/Wales under the registration number 01978855, with a registered address at N7 6NE, England, London, 278 Holloway Road.

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