Joseph Keegan & Sons Limited

Joseph Keegan & Sons Limited, based in Wigan, UK, is a small, holding company with an active status, having operated for a remarkable 76 years. Employing 15 individuals and holding assets valued at £892,020, the company maintains a real address and is overseen by four directors and two owners. Its Google rating stands at a perfect 5.0 based on a single review. The firm is an irregular importer, primarily dealing in drinks, alcohol, and vinegar, with just one month of import activity recorded as of June 2022.

The company’s core business revolves around the wholesale of wine, beer, spirits, and other alcoholic beverages, operating within a competitive market. While a website isn't available, the business likely serves pubs, bars, and retailers throughout the region. The firm’s longevity suggests a strong reputation and established relationships within the industry.

Financially, Joseph Keegan & Sons Limited presents a mixed picture. Current assets have decreased by 18% to £890,000, while net current assets and liabilities have remained relatively stable. Bank borrowings have increased slightly, and cash reserves have declined by a substantial 75%, dropping to £85,000. Trade debtors have risen by nearly 10%, which could indicate an expansion of credit terms or delayed payments from customers. Creditors have also decreased by 32%, suggesting improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the drop in cash reserves warrants attention. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Joseph Keegan & Sons Limited appears to be navigating a challenging environment. While its established presence and strong reputation provide a foundation for success, the decline in cash reserves and increased trade debtors highlight potential vulnerabilities. The company's ability to adapt to changing market conditions and maintain its financial stability will be crucial for its long-term prosperity.

Registered in England/Wales under the registration number 00466229, with a registered address at WN3 6XE, England, Wigan, Lancashire, Unit 22/23 Hawkley Brook Trading Estate, Worthington Way.

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