Gordon Nicolson Kiltmakers Ltd

Gordon Nicolson Kiltmakers Ltd, based in Edinburgh, UK, is a small, active company established sixteen years ago. Employing twenty people, the business holds £588,215 in assets and operates from a real address on the Royal Mile. With two directors and one owner, the company also runs an e-commerce site, selling handmade kilts and accessories. It’s an irregular importer, primarily bringing in clothing and accessories that aren't knitted or crocheted, with the most recent import activity occurring two months ago.

The company’s website showcases a wide range of kilt-related products and services, from traditional kilts and trews to bespoke tailoring and kilt hire. It also features a dedicated section on tartan design and talks, highlighting its expertise in Scottish heritage and craftsmanship. The site even includes a section on ladieswear, showcasing shawls and accessories by LoullyMakes, suggesting a broadening of its product offerings.

Financially, Gordon Nicolson Kiltmakers Ltd presents a mixed picture. While average employee numbers increased by a significant 60%, from twenty to thirty-two, cash reserves plummeted by a dramatic 85%, falling to just £18,000. Bank borrowings remained relatively stable, but creditors rose sharply, increasing by 87% to £85,000. Net assets, however, saw a remarkable turnaround, jumping 350% to £29,000—a positive sign after previous losses. Trade debtors also increased, by 6.8%, suggesting a potential challenge in collecting payments. The company’s small size (meeting two of three criteria for a small company) means it avoids a full audit, relying on unaudited accounts.

The substantial drop in cash reserves and increase in creditors, despite the positive equity growth, indicates that the company may be burning through cash faster than it’s generating revenue. It’s possible that increased marketing efforts or investments in inventory contributed to this trend. The company’s ability to maintain profitability and manage its cash flow will be crucial for its long-term success.

Registered in Scotland under the registration number SC348334, with a registered address at EH8 8BN, Edinburgh, Mid Lothian, 189 Canaongate, The Royalmile.

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