Pritchard & Sons Limited

Pritchard & Sons Limited is a small, active company established sixty-one years ago in 1964, boasting a real address in Hereford and employing five people. With assets totaling £194,791, the company is led by two directors and owned by Lane Christopher Anthony and Turner Luke Michael. It operates as a regular importer of clothing and accessories (excluding knitted or crocheted items), with five months of import activity, and a regular exporter of leather goods, travel bags, and animal harnesses, with ten months of export activity. The company is registered as a private limited company, with its financial statements prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The company’s core business involves retail sale of clothing in specialised stores. Pritchard Construction, a separate entity, operates from Anglesey, North Wales, providing professional construction services. It offers building consultancy, housing developments, individual new builds, extensions, conversions, renovations, conservatories, timber decking, driveways, and patios. The company also undertakes medical centre construction and groundworks. The founder, Joni Pritchard, is a member of the traditional family business T J Pritchard Sons.

Financially, Pritchard & Sons Limited shows some concerning trends. While current assets remained steady at £190,000, net assets plummeted by 190%, resulting in a negative balance of -£83,000. Bank borrowings increased significantly, rising by 76% to £14,000, and cash reserves were depleted. Creditors also increased, rising by 8.1% to £180,000. Trade debtors, however, decreased, suggesting improved debt collection. 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 is a cause for concern. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s reliance on a single director and owner, combined with the fluctuating financials, suggests it may be facing challenges. The construction side, while seemingly successful, may not be providing enough support to sustain the retail operations.

Registered in England/Wales under the registration number 00789680, with a registered address at HR4 9BW, 9 King Street, Hereford.

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