L. Pickering & Sons Limited

L. Pickering & Sons Limited, a small holding company based in Warwickshire, UK, has been a fixture in the metalworking industry for 75 years. Founded in 1950, the active company employs 28 people and holds assets of £1,706,511. With four directors and a single owner, it operates from a real address and has a long history of exporting tin and products made from tin (82 months), though its import activity is more sporadic (2 months).

The company's core business revolves around metal perforation, expansion, and related processes, as showcased on its website. It offers a wide range of products, including perforated metal coil, sheets, tubes, and discs, catering to diverse applications like filtration, separation, and structural integrity. The website also highlights the company’s expertise in piano restoration, operating a separate division, 1066 Pianos, with a showroom in Harrods. This suggests a diversification of business interests beyond its primary metalworking operations.

Financially, L. Pickering & Sons Limited's recent performance presents a mixed picture. Current assets have decreased by 17%, dropping to £1,700,000, while net assets have increased by 12%, reaching £1,200,000. Bank borrowings have increased significantly, rising by 860% to £110,000, and cash reserves have fallen by 27%, down to £710,000. Trade debtors have also declined by 19%, indicating a potential improvement in collecting payments. Despite a decrease in creditors, the company’s reliance on bank borrowings and the decline in cash reserves suggest a need for careful financial management. The company’s small size (meeting two of three criteria for being a small company) allows for agility, but the increase in debt warrants attention. As a small company, it’s likely exempt from an audit, so these figures are unaudited.

The company’s shift toward increased bank borrowings, coupled with the fluctuating cash reserves, indicates a period of investment or expansion—or potentially, a need to manage cash flow more effectively. The dual focus on metalworking and piano restoration adds an intriguing layer to its business profile, hinting at a strategy of diversification.

Registered in England/Wales under the registration number 00479118, with a registered address at CV34 5AN, Warwickshire, Millers Road, Warwick.

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