G.f. Pennington & Sons Limited

G.f. Pennington & Sons Limited, based in Bolton, UK, is a small, family-run business with an active status, celebrating 46 years since its founding in 1978. The company employs ten people and holds £349,092 in assets. It operates from a real address and is managed by three directors and three owners. The business runs an e-commerce site and enjoys a stellar 5.0 Google rating based on 47 reviews. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just one month of imports recorded as far back as August 2017.

The company’s website, salesgfpennington.co.uk, positions itself as a specialist in office furniture, offering a wide range of new and used items, from desks and seating to storage solutions and accessories. It caters to both commercial and home office customers, providing a complete design and installation service. The site also highlights the company’s long history, with over 50 years of experience, and its commitment to providing quality furniture and exceptional customer service. It even offers a newsletter to keep customers up to date on the latest stock and offers.

Financially, G.f. Pennington & Sons Limited shows some concerning trends. Current assets decreased by 13% to £350,000, while net assets declined 15% to £270,000. Cash bank on hand took a significant hit, dropping 24% to £130,000. Trade debtors remained steady, however, other creditors increased substantially, jumping 3500% to £17,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the drop in equity and cash reserves suggests it's burning through money. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. It’s worth noting that the company has elected not to include a copy of the profit and loss account within the financial statements.

Overall, G.f. Pennington & Sons Limited seems to be navigating a challenging period. While its website and customer reviews paint a picture of a thriving business, the financials reveal a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 01398856, with a registered address at BL3 6NE, Bolton, Fletcher Mill, Fletcher Street.

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