16ten Limited

16ten Limited is a small, active company based in Newcastle Upon Tyne, UK, founded three years ago in May 2022. It employs just two people and holds £188,747 in assets, operating from a virtual address shared by 26 other companies. The company is owned and directed by Todd Lucinda Jane and Kimmins Sophie Laura. It regularly imports carpets and textile floor coverings, with 24 months of import activity recorded, the last in January 2025.

The company’s website, 16tenrugs.com, showcases a boutique studio specializing in luxury, handmade rugs for the interior design trade. The site features stocked and custom rug collections, along with a lookbook and press section. It emphasizes a curated selection and caters to a discerning clientele. The site also includes a trade form and a request a price form, suggesting a focus on business-to-business sales.

Financially, 16ten Limited presents a mixed picture. While cash bank on hand increased by 43% to £77,000, net assets declined significantly, dropping 100% to just £180. Creditors remained steady at £190,000, but trade debtors surged by 72% to £61,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp drop in equity suggests potential financial strain. There's no auditor mentioned, likely due to the company's exemption as a small entity.

The company’s increase in debtors could indicate a delay in payments from customers, or perhaps a strategy to extend credit terms. The decline in equity, however, is a concern, and the company will need to manage its cash flow carefully to avoid burning through its reserves. It's a small business, and the management team will need to keep a close eye on the numbers to ensure long-term sustainability.

Registered in England/Wales under the registration number 14086020, with a registered address at NE2 1QP, United Kingdom, Newcastle Upon Tyne, 32 Portland Terrace.

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