Herner & Co Limited

Herner & Co Limited, based in Whetstone, London, is a small, active company established 34 years ago in 1990. With two employees and £716,084 in assets, it’s a solo-founded operation led by a single director and owner, Richard Herner. The company operates in the “other business support service activities n.e.c.” industries and is an irregular importer, with its last import of art and antiques recorded over 16 years ago in December 2016.

The company’s website, hernerandco, features an Instagram account with a small following, suggesting a limited online presence beyond basic contact information. It’s unclear how actively the account is maintained, but it hints at a traditional, perhaps more relationship-driven business model. The company’s registration address is real, shared by six other companies, which is normal.

Financially, Herner & Co Limited shows a mixed picture. Current assets have fallen by 17% to £720,000, while net assets have declined by a more substantial 38% to £170,000. Bank borrowings have decreased significantly, dropping 79% to £11,000—a positive sign. Creditors have increased by 20% to £530,000, and cash reserves have doubled to £30,000. The company meets two of three conditions to be considered small: turnover under £10.2 million and assets under £5.1 million. There's no auditor mentioned, likely due to the small company status.

The significant drop in equity, however, is a cause for concern. While the decrease in bank borrowings is encouraging, the increased creditors suggest a reliance on short-term financing. It’s possible the company is navigating a period of investment or expansion, but the declining equity warrants closer scrutiny. The company’s long history and stable employee count indicate resilience, but the financial trends suggest a need for careful management.

Registered in England/Wales under the registration number 02540805, with a registered address at N20 9HR, Whetstone, London, The Limes, 1339 High Road.

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