A.e. Struthers Limited

Struthers Ae Ltd is a small, active company founded 21 years ago, operating as a regular importer of footwear and related items. Based in Glasgow, it employs five people and holds £270,433 in assets, though its registered address is likely a virtual one, shared by eighteen other companies. The company has three directors and one owner, Campbell Gordon Yates, and enjoys a perfect 5.0 Google rating from fourteen reviews.

The company’s website, Thistle Shoes Scotland, showcases a wide range of footwear, specializing in Highland dance pumps, ghillie brogues, and Irish dance shoes. It caters to both traditional wear and modern events, with a focus on handcrafted quality and British craftsmanship. The site also features a separate division, 1066 Pianos, which specializes in high-end piano restoration and disaster recovery – a surprising diversification from the core footwear business.

Financially, Struthers Ae Ltd presents a mixed picture. While net assets increased by 14% to £240,000, bank borrowings skyrocketed by 300% to £24,000, and cash reserves declined by 47% to £4,100. Trade debtors decreased by 3.1% to £100,000, suggesting improved collection efforts. 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 agility, but the increase in borrowings and decrease in cash raises concerns. The company is exempt from an audit, so the financial data is unaudited. It seems like the company is trying to expand its business, which may be a reason for the increased borrowing, but it’s important to monitor its cash flow closely.

Registered in Scotland under the registration number SC267923, with a registered address at G3 7NY, 16 Royal Terrace, Glasgow.

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