Wilkinson Ltd

Wilkinson Ltd from Sittingbourne UK: small company, active status, founded 33 years ago, 20 employees, £267,294 assets, real address, 4 directors, 1 owner. Regular importer of furniture, lighting, and prefabricated buildings (8 months imported). Regular exporter of furniture, lighting, and prefabricated buildings (4 months exported). It’s a family business with a long history, specializing in the restoration and manufacture of chandeliers and related glassware. The company, which holds a Royal Warrant for 30 years, operates from Kent and even has a presence in London's Harrods, showcasing its high-end piano restoration services alongside its core chandelier business.

While Wilkinson Ltd’s website highlights a diverse range of services – from bespoke glass making to chandelier cleaning and storage – the financial report paints a more complex picture. The company’s small size (meeting two of three conditions for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) allows for flexibility, but recent trends are concerning. Current assets have fallen by a significant 24%, dropping to £200,000, and net assets have plummeted 65%, settling at just £43,000. Bank overdrafts have increased by a startling 120%, reaching £33,000, while cash reserves have shrunk 18%, sitting at £25,000. Trade debtors have also taken a hit, decreasing by 65% to £39,000.

These figures suggest Wilkinson Ltd is facing financial pressures. The sharp decline in equity, in particular, is a cause for concern. While the company’s long-standing reputation and Royal Warrant provide a strong foundation, it will need to address these trends to ensure its continued success. There's no mention of an auditor in the report, likely due to its status as a small company, so the figures are unaudited. Despite the challenges, Wilkinson Ltd's commitment to craftsmanship and heritage, combined with its diverse service offerings, provides a glimmer of hope for the future.

Registered in England/Wales under the registration number 02670892, with a registered address at ME10 3QS, England, Sittingbourne, Kent, Units 4 & 5 Waterview Business Park, Off Castle Road.

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