J.h.sinclair & Co.limited

J.h.sinclair & Co. Limited, based in Scarborough, UK, is a small, active company with a long history, having been founded 63 years ago in 1962. The business, run by a solo founder and managed by a single director, employs six people and holds £311,827 in assets. It boasts a stellar 5.0 Google rating from 80 reviews, indicating strong customer satisfaction. The company operates a retail store specializing in furniture, lighting, and similar items, and it’s an irregular importer of furniture, lighting, and prefabricated buildings, with the most recent import activity recorded one month ago in May 2024.

The company's website, Sinclairs Furniture, showcases a traditional furniture store providing quality furniture since 1962. It operates Monday to Saturday, 9am to 5.30pm, and offers services like handmade furniture, interest-free credit, and 2-man delivery. The website’s layout is simple, with clear navigation and product categories like sofas, dining sets, and bedroom furniture. It even offers a self-play system for pianos.

Financially, J.h.sinclair & Co. Limited presents a mixed picture. While current assets increased by 7.3% to £310,000, net assets remained steady at £340,000. Bank borrowings decreased by 19% to £180,000, and cash reserves rose by a significant 310% to £3,800. However, creditors increased by 10% to £550,000, and net current liabilities are a negative £240,000. 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 rise in creditors suggests potential cash flow challenges. No auditor is mentioned, consistent with its status as a small, exempt company. The company’s employee count increased by 33% to eight, which could be a sign of growth or increased workload. Overall, J.h.sinclair & Co. Limited appears to be holding its own, but careful management of its finances will be crucial for sustained success.

Registered in England/Wales under the registration number 00716107, with a registered address at YO11 1AG, Scarborough, North Yorkshire, 55-63 Aberdeen Walk.

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