Turnwright Limited

Turnwright Limited, based in Barking, UK, is a small, family-run business with an active status. Founded 47 years ago in 1977, it employs just four people and holds £93,663 in assets. With two directors and two owners, the company operates from a real address and is a irregular importer of electrical machinery and equipment, with the last import activity recorded two months ago. The company’s website highlights its long-standing commitment to providing high-quality patient care products, specializing in hospital beds, spares, and mattresses.

The company’s website reveals a broader scope of operations, including piano restoration and sales, operating under the same “1066” branding. While the core business involves retail via mail order and internet sales, its 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 branding, it’s unclear how closely the two businesses are linked, but both emphasize family ownership and British craftsmanship.

Financially, Turnwright Limited shows some concerning trends. Current assets have decreased by 24% to £94,000, while net assets have also fallen, though less dramatically. Cash reserves have declined by 8.5% to £86,000. Trade debtors have plummeted by a significant 74%, suggesting either improved collections or a reduction in sales. However, bank borrowings have decreased by 16%, and creditors have also fallen, indicating 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 decrease in debtors is something to keep an eye on. With no auditor mentioned, the figures rely on unaudited statements.

In short, Turnwright Limited is holding steady, but facing some financial pressures. The 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 01319094, with a registered address at IG11 0TJ, England, Barking, Essex, Unit 19 Barking Industrial Park, Alfred's Way.

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