3 Design Scotland Limited

3 Design Scotland Limited, based in Glasgow, UK, is a small, active company founded eight years ago in 2016. Employing five people and holding £61,896 in assets, it operates from a virtual address – with seventy one companies registered at the same location – and is led by two directors and two owners. The company regularly imports furniture, lighting, and prefabricated buildings, with its last import activity recorded eight months ago.

The company’s website showcases its expertise as interior designers, specializing in commercial, leisure, and residential sectors. It caters to hotels, restaurants, bars, and cafes, offering design solutions from concept to completion, including project management and contractor supervision. 3 Design Scotland boasts a reputation for completing projects on time and within budget, leveraging 25 years of combined experience.

Financially, 3 Design Scotland Limited presents a concerning picture. Current assets have plummeted by 57%, dropping to £62,000, while net assets have dramatically shrunk to just £200 – a 100% decrease. Cash reserves have also fallen significantly, dropping 55% to £54,000. Bank borrowings have decreased by 31%, to £11,000, and creditors have also decreased by 2.4%, to £53,000. Despite these declines, trade debtors have also decreased by 67%, to £7,500. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 25 employees) means it is exempt from an audit, and the figures are unaudited.

The sharp decline in equity and assets suggests the company is burning through money, potentially indicating management challenges. While the website projects a successful design practice, the financials reveal a company in need of careful financial management.

Registered in Scotland under the registration number SC546932, with a registered address at G76 7HU, United Kingdom, Glasgow, Radleigh House 1 Golf Road, Clarkston.

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