Whispering Smith Limited

Whispering Smith Ltd, based in Bury, UK, is a large, holding company with an active status, having been incorporated 39 years ago in 1985. Employing 152 people, the company holds assets worth £32,559,998 and generates a yearly revenue of £38,188,097. Despite a virtual address—with 56 companies registered at the same location—it’s managed by eight directors and has one owner. Google reviews are mixed, with a rating of 3.0 based on just four reviews. The company regularly imports and exports clothing and accessories made by knitting or crocheting, with 1674 months of import activity and 906 months of export activity.

The company operates in the wholesale of clothing and footwear industries, with a focus on supplying retailers. Its website highlights a dual business model: a wholesale distribution arm and a separate, higher-end piano restoration and sales division. The piano division, 1066 Pianos, operates from Cambridge and even has a showroom in Harrods, London, specializing in museum-grade restorations and disaster recovery services.

Financially, Whispering Smith Ltd shows some concerning trends. Accrued liabilities have decreased significantly, from £2,300,000 to £710,000—a positive sign. However, accumulated depreciation on computer equipment has risen, and bank borrowings have increased substantially. The company's turnover has decreased by 44%, dropping to £7 million, and net losses have deepened. While the decrease in creditors suggests improved debt management, the drop in cash reserves to £3.8 million is a cause for concern. The company’s size—meeting two of three criteria for a large company—means it’s subject to more stringent reporting requirements. The accounts are audited by DJH Audit Limited.

The trends suggest Whispering Smith Ltd is facing challenges, possibly related to changing market conditions or increased competition. The dual business model—wholesale clothing and high-end pianos—creates an interesting dynamic, but the financial strain raises questions about its long-term sustainability.

Registered in England/Wales under the registration number 01945392, with a registered address at BL9 0DN, Bury, The Exchange, 5 Bank Street.

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