The Old Smithy (iow) Limited

The Old Smithy (iow) Limited, based on the Isle of Wight, UK, is a small, active company founded 21 years ago in 2004. With 32 employees and £813,980 in assets, it’s a well-established business. Six directors manage the company, although there are no officially reported owners, likely one of the directors. It maintains a real address and boasts a respectable Google rating of 4.0 from 595 reviews. The company is an irregular importer, primarily dealing in glass and glassware, with its last import operation recorded in October 2024.

The Old Smithy operates as a retail destination, offering a wide array of goods from fashion and gifts to home furnishings and coffee shop treats. Its website showcases a diverse selection of items, including clothing, accessories, cards, collectables, books, pottery, and glassware, all available for online purchase. The site also features a coffee shop serving homemade pastries, cakes, and light meals, alongside a free carpark. It’s clear the company is trying to offer a complete shopping experience, blending online retail with a traditional, garden-setting destination.

Financially, The Old Smithy presents a mixed picture. While current assets increased slightly to £810,000, net assets remained relatively stable at £1,200,000. Cash reserves grew by a significant 16%, reaching £570,000, which is a positive sign. However, creditors have increased by 35%, reaching £260,000, and other taxation social security payable has risen sharply by 220%. 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 flexibility, but the rising creditors and social security liabilities suggest a need for careful financial management. There is no auditor mentioned, likely due to the company’s exemption as a small entity. Overall, The Old Smithy appears to be financially stable, but needs to keep a close eye on its liabilities to ensure long-term sustainability.

Registered in England/Wales under the registration number 05011560, with a registered address at PO30 5BZ, Isle Of Wight, Exchange House, St Cross Lane, Newport.

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