Amy Somerville Ltd

Amy Somerville Ltd, based in London, UK, is a small, active company established 14 years ago. With two employees and £1,249,611 in assets, it operates from a virtual address—a detail flagged by the registration of 486 companies at the same location. The company is led by a single director and owner, who also serves as the solo founder. It’s a regular importer of special woven and decorative fabrics, with three months of import activity recorded, and a regular exporter of furniture, lighting, and prefabricated buildings, boasting 51 months of export activity.

The company’s website, though now defunct, revealed a poignant farewell message from founder Amy Somerville, announcing her retirement and the closure of the business. The site detailed a legacy of collaborating with artisans and designers to create beautiful, timeless pieces, and invited interested parties to a final Autumn sale via email. It’s clear the business focused on bespoke design and high-quality craftsmanship.

Financially, Amy Somerville Ltd presents a mixed picture. While current assets increased by 14% to £1,200,000, net assets significantly declined by 30% to -£630,000. Bank borrowings were eliminated, a positive sign, but cash reserves decreased by 59% to £33,000. Trade debtors increased substantially by 23%, which could indicate delayed customer payments, and creditors also rose by 31% to £1,800,000. The company’s small size (meeting two of three conditions for small company status) allows for flexibility, but the substantial equity decrease warrants attention. No auditor is mentioned, reflecting its exemption as a small company.

In conclusion, Amy Somerville Ltd appears to have been a small, design-focused business that faced financial challenges in its final years. The closure message suggests a planned retirement rather than a sudden collapse, but the financial data indicates a company struggling to maintain profitability.

Registered in England/Wales under the registration number 07373602, with a registered address at W1W 8BD, United Kingdom, London, 3rd Floor Great Titchfield House, 14-18 Great Titchfield Street.

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