Turner & Hares Limited

Turner & Hares Ltd, based in Cirencester, UK, is a small, active company founded seven years ago. With five employees and £70,536 in assets, it’s a solo-founded operation run by a single director and owner. The business boasts a perfect 5.0 Google rating from sixteen reviews and regularly imports clothing and accessories, not knitted or crocheted, with 40 months of import activity recorded.

The company operates in the retail sale of clothing in specialised stores. Its website, Turnerandhares.com, highlights a focus on menswear, offering brands, made-to-measure options, and groomswear services. Notably, the site emphasizes personalized service, encouraging customers to call or message for assistance, as it doesn't maintain a large online inventory. It also promotes wedding styling services, partnering with local artists to create bespoke accessories.

Financially, Turner & Hares Ltd presents a mixed picture. Cash reserves have plummeted 100% to a mere £50, while bank borrowings increased by 32% to £13,000. Creditors decreased by 8% to £59,000, suggesting improved debt management. 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 agile, but the sharp drop in cash reserves is a concern. The company’s net assets, however, increased by 2700% to £510. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s financial data also shows a significant decrease in property, plant, and equipment, dropping by 37% to £1,900. While depreciation charges remained consistent, this decrease could indicate asset sales or write-downs. The company’s focus on personalized service and niche menswear, alongside its strong Google rating, suggests a loyal customer base. However, the need to manage cash flow and potentially explore new revenue streams will be crucial for its long-term success.

Registered in England/Wales under the registration number 11187880, with a registered address at GL7 1QD, United Kingdom, Cirencester, 25 Castle Street.

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