Jacobs & Turner Limited

Jacobs & Turner Limited, based in Kinning Park, Glasgow, is a holding company with a long history, having been incorporated 54 years ago in 1970. The company employs a substantial workforce of 1616 people and maintains a real address at Vermont House, 149 Vermont Street. It’s a family business with three directors and two owners, Khushi Afzal and Khushi Akmal, who also serve as directors. The company operates an e-commerce site and regularly imports and exports clothing and accessories made by knitting or crocheting, with 949 months of import activity and 303 months of export activity recorded. While it holds a 3.0 rating on Google based on 22 reviews, it’s a business with a complex structure and some concerning financial trends.

The company’s operations extend beyond its core retail activities. Jacobs & Turner Limited owns several subsidiary companies, including Trespass Polska No.2 Limited, Trespass Shops Limited, Trespass Leases Limited, Trespass Polska No.1 Limited, and Trespass Operations Limited. It also manages Big Screen Productions 17 Llp and Big Screen Productions 13 Llp. This suggests a diversified portfolio, with a focus on outdoor clothing and equipment, as evidenced by the Trespass brand prominently featured on its website. The website showcases a wide range of products, from jackets and footwear to camping gear and snow sports equipment, catering to both online and potentially brick-and-mortar sales.

However, a review of the company’s financials paints a mixed picture. While turnover remained steady at £57 million, net assets took a significant hit, plummeting 42% to £11 million. Bank borrowings surged by an astonishing 1,500%, reaching £16 million, while cash reserves dwindled by 50% to £4 million. Creditors also increased by 20% to £18 million. The sharp rise in borrowings, coupled with the decrease in cash, raises concerns about the company’s liquidity and ability to meet its short-term obligations. It's a worrying trend. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Despite these challenges, Jacobs & Turner Limited’s extensive network of subsidiaries and its established presence in the outdoor clothing market suggest a resilient business. However, addressing the concerning financial trends—particularly the surge in borrowings—will be crucial for its long-term sustainability.

Registered in Scotland under the registration number SC047678, with a registered address at G41 1LU, Kinning Park, Glasgow, Vermont House, 149 Vermont Street.

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