Hutchinson Scott Limited

Hutchinson Scott Ltd, based in Skipton, UK, is a small, active company founded eight years ago. Employing seven people and holding assets of £659,091, it operates from a real address and is managed by two directors and owners. The company is an irregular importer of clocks, watches, and their parts (just one month of imports recorded in 2022), but a regular exporter of art and antiques, with sixty-nine months of export activity.

The company's website, hutchinsonscott.co.uk, showcases its role as fine art auctioneers and valuers. It features upcoming auctions, a catalogue archive, and a team of experts. The site highlights a range of items, from antique silver to modern watches, and emphasizes its expertise in valuation and probate services. The auction house even has a calendar of upcoming auctions, and a section for consigning items. It’s clear the company’s primary focus is facilitating the sale of fine art and antiques through auctions.

Financially, Hutchinson Scott Ltd shows some concerning trends. Accumulated depreciation for motor vehicles increased by 40%, while plant machinery saw a 28% rise—suggesting increased investment in equipment. However, advances to directors decreased by 66%, which could be a positive sign of reduced reliance on personal funding. Cash reserves, however, jumped by a significant 110%, indicating improved liquidity. Creditors decreased by 25%, which is a good sign of better debt management. The company meets the criteria for being a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt as a small company.

Overall, Hutchinson Scott Ltd appears to be navigating a mixed financial landscape. While asset depreciation is increasing, improved cash flow and debt management offer some reassurance. The company’s focus on the art and antiques market seems to be driving its export activity, but the irregular import patterns suggest a more selective approach to sourcing goods.

Registered in England/Wales under the registration number 10179269, with a registered address at BD23 6QF, England, Skipton, Embsay Mills, Embsay.

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