Franklins Group Limited

Franklins Group Limited, based in Colchester, UK, is a small holding company with an active status, having been founded 23 years ago in 2002. The company employs 49 people and holds assets valued at £1,019,895. It operates from a virtual address, a fact highlighted by the presence of twelve companies registered at the same location. Three directors and one owner oversee the business, which is a regular importer and exporter of machinery, boilers, and mechanical appliances, including parts.

The company’s core business revolves around retail sales of textiles, particularly through its extensive showroom and online presence. The website showcases a wide range of sewing machines, haberdashery accessories, and crafting supplies, catering to both hobbyists and professionals. It also provides services like machine repairs and sewing classes, and even offers a loyalty program with exclusive benefits. The site’s layout and product categories suggest a focus on providing a comprehensive shopping experience for sewing enthusiasts.

Financially, Franklins Group Limited shows some concerning trends. Cash reserves have decreased by 10%, falling to £360,000, while current assets have also declined by 8.4% to £1,000,000. Trade debtors have seen a significant drop, falling 73% to £47,000, which could indicate difficulties in collecting payments. However, creditors have also decreased by 23%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decrease in equity warrants closer attention. No auditor is mentioned, which is common for small, exempt companies.

Overall, Franklins Group Limited seems to be navigating a challenging period. While its retail operations appear robust, the financial data suggests a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 04421444, with a registered address at CO2 8HF, Colchester, Essex, Unit 1 Grange Way Business Park, Grange Way.

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