Henry Winning & Co Limited

Henry Winning & Co Ltd, based in Glasgow, UK, is a small, holding company with an active status. Established 28 years ago in 1996, it employs 22 people and holds £1,087,848 in assets. The company has a real address, two directors, and one owner, and operates an e-commerce site, earning a perfect 5.0 Google rating from two reviews. It regularly imports man-made filaments and related materials (41 months) and exports textile padding, felt, nonwoven fabrics, special yarns, ropes, and cables (35 months).

The company’s website showcases a long history of twine production, dating back to 1880. It specializes in butcher’s twine, polypropylene ropes, gardening twine, craft twine, and bakers’ twine, catering to a wide range of industries. The site highlights British manufacturing and quality, with a section dedicated to its exclusive status as the only certified manufacturer of butchers’ hand-tying twines in the UK. The website also mentions a Queen’s Award for Enterprise International Trade, a testament to its commercial success.

Financially, Henry Winning & Co Ltd’s numbers present a mixed picture. Current assets remained stable at £1,100,000, while net assets increased by 4.1% to £1,700,000. Bank borrowings decreased by 30% to £22,000, and cash reserves increased by 2.5% to £21,000. However, trade creditors decreased significantly by 51% to £34,000, and net losses deepened to -£23,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increased losses are a concern. The company’s accounts are unaudited, likely due to its status as a small company.

The company’s focus on traditional products and British manufacturing, combined with its online presence, suggests a business adapting to modern markets while preserving its heritage. It’s likely the company is working hard to manage its costs and maintain its reputation for quality, but the financial data suggests some challenges ahead.

Registered in Scotland under the registration number SC170250, with a registered address at G31 5DD, Glasgow, 16/18 Caroline Street, Parkhead.

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