Alchemy Award Limited

Alchemy Award Limited is a small, family-run business based in Hertford, UK, with an active trading status. Founded eighteen years ago in 2006, the company employs just two people and holds £79,252 in assets. It operates from a registered address, but it’s likely a virtual one, as seventy-eight other companies share the same location. Two directors and two owners manage the business, and it’s a regular importer of machinery, boilers, and mechanical appliances, with five months of import activity recorded. The company’s website showcases a focus on design and luxury, selling spa products, bathroom furniture, and even offering piano restoration services through its associated business, 1066 Pianos.

The website, Alchemy Design Award, highlights a collection of iconic designs from European producers, emphasizing quality and adaptability. It’s clear the company aims to position itself as a purveyor of high-end goods, catering to a discerning clientele. The site's focus on design and luxury contrasts with the more modest nature of its import business.

Financially, Alchemy Award Limited presents a mixed picture. While current assets increased by 26% to £79,000, net assets remained negative at -£9,900. Bank borrowings decreased by 51%, suggesting improved debt management, but cash reserves also fell by 160% to £26,000. Creditors increased by 36%, and trade debtors remained unchanged. 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 negative equity and increased creditors suggest potential financial strain. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, Alchemy Award Limited appears to be navigating a challenging environment. The company's focus on design and luxury, combined with its import business, creates a unique proposition, but its financial performance indicates a need for careful management and a focus on profitability.

Registered in England/Wales under the registration number 05986020, with a registered address at SG14 1BP, Hertford, Hertfordshire, Manufactory House, Bell Lane.

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