Lafferty & Sons Ltd

Lafferty & Sons Ltd is a small, active company based in Edinburgh, UK, founded six years ago in 2018. It employs just two people and holds £191,973 in assets, operating from a virtual address shared by thirty-four other companies. The company has two directors and two owners, but confirmation statements are overdue by two months. It’s a private limited company with a real registered address.

The company’s core business involves distilling, rectifying, and blending of spirits, operating a website that sells alcohol, including Lafferty's Gin and Upperhand Gin. The website also features a piano restoration division, 1066 Pianos, which operates from Cambridge and even has a showroom in Harrods. The company emphasizes family ownership and British craftsmanship across both ventures. The website is a little bit confusing, it requires javascript to work correctly.

Financially, Lafferty & Sons Ltd has seen some interesting shifts. Bank borrowings have increased significantly, jumping by 4200% to £42,000, while cash reserves have grown dramatically by 620%, reaching £14,000. Creditors have also increased by 67%, reaching £190,000, and debtors have risen by 770%, reaching £130,000. Equity has improved significantly, jumping 200% to £32,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increase in bank borrowings suggests it's relying on external funding. The company’s financial statements are unaudited, likely due to its small size. It’s a little bit worrying that the company is burning through cash, but the increase in debtors could be a sign of future growth.

Registered in Scotland under the registration number SC609629, with a registered address at EH4 5BP, Scotland, Edinburgh, Q Court, 3 Quality Street.

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