William Sugg And Company Ltd

William Sugg And Company Ltd, based in Horsham, UK, is a small holding company with an active status, established six years ago. The company holds £197,037 in assets and operates from a real address, managed by two directors and a single owner. It’s a regular importer and exporter, dealing in furniture, lighting, and prefabricated buildings – importing for 15 months and exporting for 14.

The company's website reveals a fascinating history rooted in the 19th-century gas lighting industry. William Sugg Co initially manufactured gas lighting, cooking, and heating appliances, evolving over time. Today, the site showcases a vast archive of products, from burners and mantles to street lamps and cooking equipment, alongside technical information and historical documentation. A dedicated section highlights the company's legacy, including its role in illuminating London and its connection to the Royal Family. The website also features a section dedicated to the restoration of pianos, demonstrating a diversification of the business.

Financially, William Sugg And Company Ltd presents a mixed picture. Accumulated depreciation for plant and machinery increased by 37%, while bank borrowings rose by 2.5%. Cash bank on hand, however, experienced a significant drop of 71%, falling to £13,000. Creditors also decreased, suggesting improved debt management. Despite meeting the criteria for a small company – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – the company’s net assets declined by 75%, dropping to -£740,000. The accounts are unaudited, a common occurrence for small companies. The company's equity is negative, which is concerning, and the significant decrease in cash reserves suggests a need for careful financial management. The company is likely facing some financial pressure, but the website indicates a strong brand heritage and a diversified range of products.

Registered in England/Wales under the registration number 11798549, with a registered address at RH13 5RG, England, Horsham, Unit 23 Blatchford Close.

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