Patrick Ireland Frames Limited

Patrick Ireland Frames Ltd, based in Hadlow Down, UK, is a small, family-run business with an active status, having been established 24 years ago. Employing ten people and holding assets of £613,183, the company operates from a real address and is managed by two directors and owners. It runs an e-commerce site and occasionally imports art and antiques (one month of imports recorded in 2023) and exports glass and glassware (one month of exports in 2018).

The company’s website showcases a wide range of frame profiles, finishes, and mirror options, catering to both residential and commercial clients. It emphasizes bespoke designs and museum-grade restoration services, with a dedicated section highlighting its expertise in piano restoration—a surprising diversification from its core framing business. The site also features testimonials from satisfied customers, reinforcing its reputation for quality craftsmanship and exceptional service.

Financially, Patrick Ireland Frames Ltd presents a mixed picture. While cash reserves increased by 12% to £490,000, current assets declined by 13% to £610,000. Trade debtors decreased significantly, dropping 62% to £46,000, suggesting improved collection practices. However, creditors also fell by 48% to £230,000, which could indicate a reduction in supplier credit. The company’s average number of employees increased by 60% to sixteen, which could be a sign of growth, but it also means increased payroll expenses. The company is exempt from an audit as a small company.

The significant increase in bank borrowings, up 43% to £23,000, and a drop in equity of 44% to £390,000, are concerning. It’s likely that the company is investing in its business, but it's also important to monitor its debt levels. Overall, Patrick Ireland Frames Ltd appears to be a well-established business with a strong online presence, but its financial performance warrants close attention.

Registered in England/Wales under the registration number 04157320, with a registered address at TN22 4DU, United Kingdom, Hadlow Down, East Sussex, Unit 14 Five Chimneys Business Park, Curtains Hill.

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