S. Thorogood & Sons (covent Garden) Limited

S. Thorogood & Sons (Covent Garden) Limited, based in Chelmsford, UK, is a holding company with an active status, celebrating 36 years in business. Employing 57 people and boasting assets of £4,294,771, this family business maintains a real address and is overseen by four directors and two owners. It holds a stellar 5.0 Google rating based on four reviews. The company is an irregular importer, primarily dealing with edible vegetables and roots, with the last import operation occurring in February 2025.

The company operates as a wholesale market for fruit and vegetables, with three historical sites in London. Its website highlights a commitment to quality British produce, grown by farmers and sold by farmers. The business also has a separate, thriving division focused on high-end piano restoration, operating from Cambridge and even featuring a showroom in Harrods. This division, founded in 1975, specializes in museum-grade restorations, self-play system integrations, and disaster recovery services.

Looking at the financial data, S. Thorogood & Sons shows a mixed picture. While cash bank on hand increased significantly by 79% to £1,700,000, net assets decreased by 11% to £3,000,000. This decline is partly attributable to a 81% drop in comprehensive income expense to £420,000. Trade debtors decreased by 16% to £2,300,000, and bank borrowings decreased by 26% to £39,000. The number of employees reported during the period fell by 40% to 34. Creditors decreased by 18% to £300,000, suggesting improved debt management. The company’s fixed assets remained constant at £2,000,000.

The company is audited by Clemence Hoar Cummings, and the financial statements are prepared in accordance with Financial Reporting Standard 102. The decrease in net assets, despite the increase in cash, could be due to investments or increased operational expenses. The significant drop in comprehensive income, however, warrants further investigation. The company’s ability to sustain its dual business model – wholesale produce and high-end piano restoration – will be key to its long-term success.

Registered in England/Wales under the registration number 02318779, with a registered address at CM3 4BQ, Chelmsford, Essex, Whitwell House Hammonds Road, Little Baddow.

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