Settle Retail Limited

Settle Retail Limited is a small, active company based in Tunbridge Wells, UK, established 22 years ago in 2003. It employs six people and holds £300,780 in assets. The business is a family concern, with three directors and two owners, and operates from a real address shared by only one other company. It’s an irregular importer, with its top import category being glass and glassware, last imported in September 2022. The company’s primary activity is the retail of furniture, lighting, and similar items through a specialised store.

The company's website, Settle Country Store, showcases a diverse range of agricultural and farm supplies, equestrian equipment, and pet products. It operates both an online store and a physical location in the Yorkshire Dales, connected to its parent company, Settle Coal Company Ltd, a family-run business established in 1962. The store caters to both large-scale farmers and smallholders, offering expert advice and a wide selection of products. It even has a new store which was part funded by the European Agricultural Fund. The website also promotes the parent company’s broader services, including solid fuel sales, building materials, and tool hire.

Financially, Settle Retail Limited shows some concerning trends. While net assets increased by 10% to £140,000, current assets dropped by 8.5% to £300,000. Bank borrowings decreased by 44%, and cash reserves vanished completely, falling 100% to zero. Trade creditors decreased by 44%, and trade debtors decreased by 11%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it's likely exempt from an audit, so the figures are unaudited. The significant drop in cash reserves, however, suggests the company is burning through money, and it’s important to keep an eye on its financial health going forward.

Registered in England/Wales under the registration number 04645319, with a registered address at TN1 1UF, Tunbridge Wells, Kent, 1 Howard Lodge, 16 Mount Sion.

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