Grenson Ltd.

Grenson Ltd from Rushden UK: a large, active company founded fifteen years ago, employs 57 people, and generates £5,738,274 in yearly revenue. It boasts a real address, three directors, two owners, and a 4.0 Google rating based on ten reviews. A regular importer and exporter of footwear and related items (551 months imported, 910 months exported), Grenson is a family business with a strong heritage.

The company's website showcases Grenson as a British designer shoe brand, handmade since 1866. It operates an e-commerce platform, selling a wide range of men’s and women’s footwear, from classic brogues to contemporary sneakers. The site emphasizes British craftsmanship and offers various collections, including the Stitchdown and Archive lines, alongside repair services and accessories. It's clear that Grenson is focused on direct-to-consumer sales, with a user-friendly website and a strong brand identity.

Financially, Grenson Ltd presents a mixed picture. While turnover remained steady, a few key indicators raise concerns. Accumulated amortisation and impairment of intangible assets increased by 27%, indicating a potential write-down of goodwill. Cash and cash equivalents plummeted 56%, dropping to £1.2 million, a significant decrease. Bank borrowings also declined by 41%, suggesting a reduced reliance on external financing. However, administrative expenses rose by 3.5%, and net losses deepened to £990,000, a considerable jump from the previous year. Creditors also increased by 3.5%, and trade debtors decreased by 51%, which could be a sign of improved collections. The company meets two out of three conditions to be classified as a large company, indicating a substantial operation. The financial statements were audited by Dixon Wilson Audit Services LLP.

Overall, Grenson Ltd appears to be navigating a challenging economic climate. While the brand maintains a strong reputation and online presence, the decline in cash reserves and increase in losses warrant careful monitoring. It’s likely that the company is adapting to changing consumer habits and increased competition in the footwear market, but the financial results suggest a need for strategic adjustments to ensure long-term sustainability.

Registered in England/Wales under the registration number 07188320, with a registered address at NN10 6BS, Rushden, Northamptonshire, Grenson House, C2, Crown Way.

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