Royde & Tucker Limited

Royde & Tucker Limited, based in Hertfordshire, UK, is a well-established company with a rich history spanning 71 years. As a holding company with an active status, it employs 59 people and boasts assets totaling £4,464,516, generating a yearly revenue of £5,989,106. With two directors and one owner, the company maintains a solid 4.0-star Google rating from five reviews, indicating a positive customer perception. It operates from a real address and regularly imports machinery, boilers, and mechanical appliances, parts, with 40 months of import activity, and exports miscellaneous metal items, with 55 months of export activity.

The company’s core business revolves around the manufacture of locks and hinges, operating under the name Royde & Tucker Limited. It’s a family-run business with a long tradition of British craftsmanship. The company also has a division focused on high-end piano restoration, operating under the name 1066 Pianos, with a showroom in Harrods, London. This division showcases museum-grade restorations and self-play system integrations, catering to a more exclusive clientele.

Financially, Royde & Tucker Limited exhibits some concerning trends. While turnover remained steady, net assets decreased by 13% to £3.7 million. Bank borrowings increased by 54% to £360,000, and cash bank on hand dropped by 30% to £470,000. Creditors increased by 39% to £1.3 million, suggesting a need for improved cash flow management. The company's size—meeting two of three criteria for a large company—indicates a substantial operation, but the decline in equity and increase in debt warrants closer scrutiny. The company’s auditor, Fruition Advisory LLP, has provided an opinion on the financial statements.

Despite these challenges, Royde & Tucker Limited’s diversified business model, with its lock and hinge manufacturing and piano restoration divisions, provides a degree of resilience. The company’s long-standing reputation and positive Google rating suggest a loyal customer base, which could help it navigate these financial pressures.

Registered in England/Wales under the registration number 00531276, with a registered address at SG4 0SB, Hertfordshire, Unit 6 Bilton Road, Cadwell Lane, Hitchin.

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