Summers Place Auctions Limited

Summers Place Auctions Ltd, based in Billingshurst, UK, is a small, active company founded 17 years ago. With five employees and £1,561,108 in assets, it operates from a real address and is overseen by two directors and owners. The company is an irregular importer of machinery, boilers, and mechanical appliances, with just one month of import activity recorded in 2022, but a regular exporter of art and antiques, boasting 68 months of export activity as of May 2024.

The company’s website, Summers Place Auctions, positions itself as the world’s leading auctioneers of garden statuary and natural history. Its first sale was held over 30 years ago as part of Sotheby's Country House salesroom, and it has since established a global reputation. The site showcases upcoming auctions, past sales, and a wide range of items, including garden statuary, natural history specimens, and "sales of the unexpected." It also offers services like remote valuations and shipping. The website gives the impression of a well-established, specialist business.

Financially, Summers Place Auctions Ltd shows a mixed picture. Current assets have increased by 4.2% to £1,600,000, while net assets have decreased by 1.4% to £2,100,000. Cash reserves have decreased by 15% to £650,000. Creditors have increased by 30% to £410,000, and trade debtors have increased by 31% to £880,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increase in debtors suggests a need to monitor cash flow. No auditor is mentioned, likely due to exemption as a small company.

Overall, Summers Place Auctions Ltd appears to be a stable, specialist business, but the increase in creditors and debtors suggests a need to manage its finances carefully. The company's focus on high-value items and its global reach indicate a potential for continued success, but it will need to navigate the challenges of managing cash flow and maintaining its reputation in the competitive auction market.

Registered in England/Wales under the registration number 06266518, with a registered address at RH14 9AB, Billingshurst, West Sussex, The Walled Garden, Stane Street.

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