Alterd Ltd

Alterd Ltd is a small, holding company based in Bath, UK, with an active status. Founded five years ago in March 2020, the company employs just two people and holds £131,205 in assets. It operates from a virtual address, registered to 584 Wellsway, a location shared by eighty-two other companies, and is overseen by two directors and two owners. Alterd Ltd is an irregular importer, primarily dealing in various textile products, sets, used clothing, and rags, with its last import operation recorded just one month ago in May 2024.

The company’s website, helloalterd.co.uk, reveals a different story. Alterd Ltd positions itself as a London-based retail design agency, specializing in creating "meaningful and emotive connections between people and brands in the physical world." They offer services ranging from one-off brand experiences to large-scale design and build projects, catering to clients like MissoMA, LEGO, ASOS, and PR showrooms. The website showcases a portfolio of projects, highlighting their work in creating immersive brand spaces and shaping customer experiences. They seem to be doing well.

Financially, Alterd Ltd presents a mixed picture. While cash bank on hand increased by 40% to £54,000, net assets plummeted by 69% to just £9,200. This significant drop in equity is concerning, particularly as creditors increased by 280% to £130,000. The number of employees jumped from two to four, which could explain some of the increased costs. Trade debtors also rose substantially, up 270% to £77,000. Despite these challenges, the company’s current assets increased by 120% to £130,000, suggesting improved liquidity. The company is exempt from an audit, so the figures are unaudited.

Overall, Alterd Ltd appears to be a small company facing some financial pressures. While its design agency work seems promising, the significant decline in equity and rising debt levels warrant close monitoring. It’s unclear if the company is burning through money or simply reinvesting heavily in its growth—but for now, it’s a situation that needs to be watched closely.

Registered in England/Wales under the registration number 12540481, with a registered address at BA2 2UE, United Kingdom, Bath, Somerset, 584 Wellsway.

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