Patrick Shoes Limited

Patrick Shoes Limited, based in Leicester, UK, is a small holding company with an active status, established nine years ago in 2015. The company employs ten people and holds £2,250,007 in assets, operating from a real address in Leicester. It’s managed by five directors and owned by three individuals – Superhouse Uk Ltd, Waris Akbar, and Amin Mukhtarul. Patrick Shoes is a regular importer of footwear and related items, with 256 months of import activity recorded, and a regular exporter with 13 months of export activity.

The company’s website highlights its long history, celebrating over 50 years in the footwear industry since its inception in the 1970s. It operates from Crick, Northamptonshire, and specializes in leather shoes, offering a wide range of brands and catering to fashion, leisure, comfort, and workwear. The website also features a separate division dedicated to high-end piano restoration, a surprising diversification from its core footwear business. Contact information is readily available, including a phone number and email address, and the site emphasizes quality craftsmanship and customer service.

Financially, Patrick Shoes Limited’s recent performance presents a mixed picture. Current assets have decreased by 20%, dropping to £2,300,000, while net assets have plummeted 71%, leaving just £90,000. Bank borrowings have increased significantly by 5.9%, reaching £790,000, and cash reserves have fallen 51%, leaving just £37,000. Creditors have also decreased by 93%, suggesting improved debt management, but the significant drop in equity raises concerns. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the equity decline warrants attention. The company’s financial statements were audited by Watergates Ltd, and the report shows the company is still viable.

In conclusion, Patrick Shoes Limited appears to be navigating a period of financial adjustment, while simultaneously maintaining a diverse business portfolio. The long-standing piano restoration division adds an interesting layer to the company’s operations, but its impact on the overall financial health remains to be seen.

Registered in England/Wales under the registration number 09632082, with a registered address at LE4 9LE, England, Leicester, Himalayan House 430 Thurmaston Boulevard, Thurmaston.

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