Paterson Simons & Co.(africa)limited

Paterson Simons Africa And Co Ltd, based in Brighton, UK, is a holding company with a long history, having been founded 76 years ago in 1948. The company, currently active, employs 23 people and holds assets worth £6,552,432. It’s managed by six directors and owned by one individual. While primarily known as an importer of optical and medical tools and devices (though only for one month recently), the company’s core business is exporting machinery, boilers, and mechanical appliances—a consistent activity spanning 444 months, with the last export operation occurring in December 2024.

The company’s website paints a picture of a leading supplier of cranes and related equipment across West and Central Africa. They offer a wide range of products, from Konecranes and Gottwald mobile harbour cranes to forklifts and telehandlers, catering to industries like mining, ports, logistics, and oil & gas. Their website also highlights services like spare parts supply, maintenance, and even disaster recovery for damaged pianos – a surprising, and perhaps unrelated, venture.

Financially, Paterson Simons Africa And Co Ltd shows a mixed bag. Current assets have decreased by 9%, dropping to £6,600,000, while net assets have also declined by 3.4%, settling at £3,600,000. Bank borrowings have decreased by 14%, reaching £630,000, and cash reserves have fallen by a significant 37%, dropping to £350,000. Trade debtors have also decreased by 6.7%, settling at £5,100,000. The increase in creditors by 11% to £370,000 could indicate increased supplier costs or extended payment terms. The company’s employee numbers have increased by 13%, rising to 26, suggesting expansion or increased workload. With no auditor mentioned, the financial data relies on unaudited reports.

The company's shift towards a larger workforce, coupled with the decrease in cash reserves, could be attributed to increased operational costs associated with expanding its services across Africa. The decrease in assets and net assets may also reflect ongoing investments in equipment or infrastructure to support its crane supply business. While the company’s long history and established presence in the African market are strengths, the financial data suggests a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 00453843, with a registered address at BN1 4ZE, Brighton, East Sussex, 4 The Offices, 10 Fleet Street.

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