Sunday 23 March 2014

Ernest Wilson's finances

A few minutes and a couple of quid invested at the Companies House website (it even accepts Paypal!) reveals some interesting information.

Ernest Wilson's & Co Ltd was incorporated in 1995 (also incorporated at the same address in 2013 and sharing two out of three directors was Ernest Wilson's (West Yorkshire) Limited).

Ernest Wilson's & Co Ltd is owned by "R Williamson" (presumably Robert Williamson) with a 90% stake and Paul Williamson with 10% and its directors are Paul Williamson, David Holmes and Stuart Moorhouse.

Accounts to 2012 are available and have been prepared according to the small companies exemption so there's nothing about turnover etc. but what is surprising is the large debtors figure, £792,000, for 2011, against cash at bank and in hand of £35,000. Debtors are reduced to £104,000 in 2012 but the cash figure increases to £308,000.

As non-accountants we're speculating here: maybe EW had a large sum of marketing fees outstanding on its books on 2011 and sold the debts on? If anyone would care to give an informed opinion we'd love to hear it.

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