18 Degrees Below Ltd

18 Degrees Below Ltd from London UK: small company, holding company, active status, founded 8 years ago, 5 employees, real address, 2 directors, 1 owner. Irregular importer of furniture, lighting, and prefabricated buildings (2 months imported). It’s a small, active holding company based in London, established eight years ago and employing just five people. The company operates from a real address and is led by two directors, with one reported owner. It functions as an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just two months of import activity recorded as of October 2024.

The company’s website, 18 Degrees Award Winning Lighting Design Studio, reveals a focus on architectural lighting design. The studio offers services ranging from concept development to installation oversight, showcasing award-winning projects and a commitment to innovative lighting solutions. It’s clear that the company's core business revolves around providing lighting design services, catering to commercial and residential projects.

Financially, 18 Degrees Below Ltd presents a mixed picture. While net assets increased by 32%, rising to £170,000, cash reserves decreased by 36%, falling to £28,000. Bank borrowings increased by nearly 30%, reaching £19,000, and trade debtors rose significantly by 35%, reaching £270,000. The number of employees increased by 60% to eight, suggesting growth in the design team. 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 agility, but the increase in bank borrowings and the decrease in cash reserves could indicate a need for careful financial management. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, 18 Degrees Below Ltd seems to be growing its design business, but it’s important to monitor its cash flow and debt levels to ensure long-term financial stability. The company’s focus on award-winning design and its small, nimble team position it well for continued success, but prudent financial practices will be key.

Registered in England/Wales under the registration number 10548913, with a registered address at E15 2HB, England, London, Studio 20 The Gantry, 1 Waterden Road.

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