Turnt Ltd

1066 Sales Ltd, based in Rye, UK, is a small, family-run business with an active trading status. Founded 20 years ago, the company employs six people and holds £336,142 in assets. With a real registered address and three directors at the helm, it’s a tight-knit operation. The firm regularly imports clothing and accessories made by knitting or crocheting, with 19 months of import activity recorded, the latest in September 2023.

While 1066 Sales Ltd’s core business involves retail via mail order and internet sales, its associated website, 1066 Pianos, reveals a different venture: high-end piano restoration. Founded in 1975 and now celebrating its 50th anniversary, the piano division operates from Cambridge and even has a showroom in Harrods, London. The company prides itself on museum-grade restorations, self-play system integrations, and disaster recovery for damaged pianos. Despite the shared "1066" branding, it’s unclear how closely the two businesses are linked, but both emphasize family ownership and British craftsmanship.

Financially, 1066 Sales Ltd shows mixed signals. Current assets dropped by 24% to £340,000, while net assets plummeted 73% to just £16,000—a significant decline. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. On the upside, creditors decreased by 18%, suggesting better 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 stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, 1066 Sales Ltd is holding steady but facing pressures. Its piano arm, meanwhile, thrives on prestige and heritage—a contrast to the more modest retail operations. Whether the two can sustain each other long-term remains to be seen.

Registered in England/Wales under the registration number 11409383, with a registered address at WD17 1BN, United Kingdom, Watford, 48 Flanders Court St. Albans Road.

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