Penn & Bristle Limited

Penn & Bristle Ltd, based in Stockport, UK, is a small, family-run business with an active status. Founded four years ago in November 2020, it employs just two people and holds £111,027 in assets. Operating from a virtual address and managed by two directors and owners, the company runs an e-commerce site specializing in furniture and lighting. They’re an irregular importer, bringing in furniture, lighting, and prefabricated buildings for a short period, and have exported nothing for two months.

The company’s website, Penn & Bristle, showcases a range of new, traditionally-styled furniture, with a particular emphasis on 18th-century Gustavian French designs. They offer both off-the-shelf pieces and bespoke services, including painting and finishing options on mango and mahogany wood. The site highlights a variety of linen fabrics and encourages customers to contact them with specific ideas. It's clear they're aiming for a niche market of those seeking unique, hand-finished furniture.

Financially, Penn & Bristle Ltd presents a mixed picture. Current assets have dropped significantly, falling 56% to £110,000. Equity has also taken a hit, declining 55% to £110,000. Trade debtors have increased substantially, rising 120% to £28,000, which could indicate a shift in payment terms or a build-up of outstanding invoices. Creditors have also increased, up 760% to £33,00. Cash reserves have decreased by 76%, leaving only £51,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity and cash warrants attention. As a small company, they are exempt from an audit, so the figures are unaudited.

It seems like Penn & Bristle Ltd is facing some financial headwinds, perhaps due to increased costs or slower sales. However, their focus on bespoke furniture and a strong online presence suggests potential for growth if they can manage their finances effectively.

Registered in England/Wales under the registration number 13033186, with a registered address at SK1 3TH, United Kingdom, Stockport, Cheshire, 123 Wellington Road South.

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