W E Cole Limited

W E Cole Limited, based in Epping, Essex, is a small, family-run business with an active status, celebrating 69 years since its founding in 1956. The company employs 14 people and holds £689,372 in assets. It operates from a real address and is overseen by four directors and three owners. Google reviews are excellent, boasting a 5.0 rating from 56 reviews. The company regularly imports clothing and accessories, not knitted or crocheted, with 13 months of import activity recorded.

The company's website, Coles Menswear and Wedding Hire, showcases a long-standing tradition of providing quality menswear and wedding suit hire services. With locations in Epping, Uckfield, and Saffron Walden, Coles caters to both modern and traditional tastes, offering everything from high-visibility workwear to bespoke wedding attire. The website highlights a personal experience for grooms and groomsmen, emphasizing style advice and outfit combinations. A significant aspect of the business is the restoration and sale of pianos, a venture that’s been running for nearly 30 years.

Financially, W E Cole Limited presents a mixed picture. Current assets decreased by 5.3% to £690,000, while net assets dropped 7.2% to £660,000. Bank borrowings remained relatively stable, but cash reserves declined by 12% to £490,000. Trade debtors saw a sharp decrease of 43%, suggesting improved collection practices. Creditors increased slightly, and future minimum lease payments decreased by 13%. 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 agility, but the decline in equity warrants attention. No auditor is mentioned, likely due to exemption as a small company.

Overall, W E Cole Limited appears to be a well-established business facing typical challenges associated with a mature, family-run operation. While the menswear and wedding hire side seems to be thriving, the financial figures suggest a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 00563261, with a registered address at CM16 4DA, Essex, 313 High Street, Epping.

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