Peter Harrington Limited

Peter Harrington Limited, a holding company based in London, UK, has been active for 26 years, founded in August 05, 1998. Employing 58 people, the company holds assets valued at £25,000,492. While registered at an address shared by 42 other companies, suggesting a virtual address, it operates as a family business with three directors and two owners. The company is a regular importer and exporter of art and antiques, with 147 months of import activity and 222 months of export activity, the latest operations both occurring in January 01, 2025.

The company’s website, peterharrington.co.uk, reveals a business specializing in rare and antiquarian books, with a focus on binding and restoration. It’s clear the company operates as a retail business, selling books online and through its London location. There's no indication of a significant e-commerce presence beyond the website itself, suggesting a more traditional retail model.

Financially, Peter Harrington Limited shows some concerning trends. While turnover increased by 17%, net assets decreased by 12% to £24,000,000. Bank borrowings increased by 34%, reaching £300,000, and cash reserves fell by 71% to £4,100. Creditors also increased by 35%, suggesting a need to manage debts. The company’s small size helps it stay agile, but the sharp equity drop raises questions about its long-term stability. The financial statements were audited by WSM Advisors Limited, providing a degree of assurance regarding their accuracy.

The decrease in cash reserves, combined with increased borrowings, suggests the company might be burning through cash faster than it’s generating it. However, the increase in turnover indicates strong demand for its specialized services. It's possible the company is investing in growth, such as expanding its inventory or marketing efforts, which could explain the short-term financial pressures. The continued demand for antiquarian books, despite economic uncertainty, suggests a resilient business model.

Registered in England/Wales under the registration number 03609982, with a registered address at SW19 7JY, London, Connect House 133-137 Alexandra Road, Wimbledon.

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