V.n. & Britannic Warehouses Limited

V.n. & Britannic Warehouses Limited, a large, active company established 54 years ago, is a family business operating from Birmingham, England. With 60 employees and £5,132,775 in assets, it generates £8,082,676 in yearly revenue. The company, overseen by five directors and owned by Laroiya Kamlesh and Laroiya Paul, has a real address and a Google rating of 3.0 based on three reviews. It regularly imports furniture, lighting, and prefabricated buildings (465 months) and occasionally exports the same (2 months).

The company’s website suggests a dual focus: wholesale furniture distribution and an online retail operation. While the core business involves importing and distributing furniture, the website also hints at a significant presence in the online retail sector, with a focus on a wide range of products.

Financially, V.n. & Britannic Warehouses Limited presents a mixed picture. Current assets have decreased by 2.8% to £5,100,000, while net assets have fallen 5% to £2,200,000. Bank borrowings have increased by a substantial 28.0% to £1,800,000, and cash reserves have grown by 28% to £1,800,000. Creditors have also decreased by 6.4% to £1,300,000. The company meets two of three criteria for being a large company—having a turnover over £36 million and a balance sheet total over £18 million—but the decrease in net assets warrants closer examination. The company’s unaudited financial statements were prepared by Cooper Parry Group Limited.

The increase in bank borrowings, coupled with the decrease in net assets, suggests the company may be burning through cash to fuel growth or cover operational expenses. However, the increase in cash reserves indicates a recent influx of funds, perhaps from sales or a loan. The company’s long history and family ownership likely provide stability, but the financial trends suggest a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 01002902, with a registered address at B1 3RJ, 142 Sand Pits, Birmingham.

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