Westgarth Ltd

Westgarth Ltd from Altrincham UK: a small, active company founded 21 years ago, employs five people, and holds £418,220 in assets. It’s a family business with three directors and two owners, operating from a real address. Regular importers of furniture, lighting, and prefabricated buildings – with 10 months of import activity recorded, the last being in April 2024 – Westgarth Ltd also functions as agents involved in the sale of furniture, household goods, hardware and ironmongery, and the other letting and operating of own or leased real estate.

While the company’s website is currently unavailable, its registration details reveal a more complex picture. It appears to be a private limited company with a long history, established in 2003. The company’s legal name is Westgarth Ltd, and it’s registered under the Companies Act 2006. The directors are Gregory Michael French, Phillip John French, and Gregory Michael French.

Financially, Westgarth Ltd’s recent performance shows some concerning trends. Cash bank holdings have decreased by 41%, dropping to £260,000. Creditors have also fallen significantly, down 45% to £150,000, which could suggest improved debt management. However, current assets have declined by 25%, reaching £420,000, and net assets have increased by 7.4% to £460,000. Trade debtors have risen by 30% to £160,000, which might indicate a reliance on customer payments. Despite these shifts, the company remains small, meeting two of three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s unaudited financial statements, prepared by Lucas Reis Ltd, show a mixed bag. While the decrease in cash reserves is a cause for attention, the rise in equity suggests the company is holding its own. The lack of an auditor, likely due to its small size, means these figures are self-reported. Overall, Westgarth Ltd seems to be navigating a period of change, with its future depending on its ability to maintain its import operations and manage its finances effectively.

Registered in England/Wales under the registration number 04872424, with a registered address at WA14 5BJ, Altrincham, Cheshire, 3 Pacific Court, Pacific Road.

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