Simpson Brothers (penzance) Limited

  • Small
  • Active
  • 100 years
  • 31 employees
  • £822,293 (assets)
  • Real address
  • 4 directors
  • 2 owners
  • Regular importer
  • E-commerce
  • Rating 5.0 (27)

Field of Operation

Retail sale of clothing in specialised stores
47710 33074 companies

Social media

Phones

Summary

Simpson Brothers Penzance Ltd: a small company with an active status, has been a fixture in Penzance for a remarkable 100 years, having been founded back in 1925. Employing 31 people, the business holds assets totaling £822,293 and operates from a real address in the heart of the town. With four directors and two owners at the helm, the company also runs an e-commerce site and enjoys a stellar 5.0 Google rating from 27 reviews. They regularly import clothing and accessories, not knitted or crocheted, with six months of import activity recorded.

The company’s website, Simpsons of Cornwall, showcases an extensive range of clothing across numerous brands, including Barbour, Nomads, and Weird Fish. It's clear they cater to a wide customer base, offering everything from casual wear to formal attire. The site also highlights a family-run business with over 150 years of experience, emphasizing customer service and a wide selection.

Financially, Simpson Brothers Penzance Ltd presents a mixed picture. Current assets increased by a modest 2.3% to £820,000, while net assets grew by 5.2% to £970,000. Bank borrowings decreased by 24%, reaching £68,000, and cash reserves fell 24% to £200,000. Trade debtors rose by 18%, which could suggest an increase in sales, but also a potential risk of delayed payments. Creditors decreased by 12%, which is a positive sign of improved debt management. As a small company meeting two of three conditions for small business status (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it benefits from simplified reporting requirements. The lack of an auditor mentioned suggests they are exempt from an audit.

Overall, Simpson Brothers Penzance Ltd appears to be a stable and well-regarded business, although the decline in cash reserves warrants monitoring. Their long history, strong online presence, and diverse product range position them well for continued success in the competitive clothing retail market.

Registered in England/Wales under the registration number 00203759, with a registered address at TR18 2JF, 36 Market Place, Penzance.

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

Owners & PSC

  • 9 years
  • 25%+
  • 9 years
  • psc

Managers

  • 11 years
  • 8
Property developer
  • 13 years
Secretary
Managing director
Director

Last reports

Download the last financial report
Download the last confirmation report
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Last news

  1. Confirmation statement made on 2024-10-23 with no updates
  2. Total exemption full accounts made up to 2024-01-31
  3. Confirmation statement made on 2023-10-23 with no updates
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Importer profile by HS codes

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Last imported products

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