Antique Decor Ltd

Antique Decor Ltd, based in Ilford, UK, is a small, active company established four years ago. It’s a solo-founded operation with two directors and a single employee, holding £9,982 in assets. The company operates an e-commerce site specializing in antique and vintage rugs, carpets, textiles, and even contemporary art, catering to both collectors and dealers. It also imports various textile products, sets, used clothing, and rags, though import activity has been irregular, with the last recorded operation two months ago in August 2022.

The website, Antique Decor, showcases a wide range of items, from antique bags and Baluch rugs to vintage African art and Scandinavian textiles. It emphasizes a curated selection and offers services like piano restoration—a unique addition to the antique decor focus. The site’s design is clean and user-friendly, with clear product categories and a focus on visual appeal. It’s clear the company is aiming for a premium, collector-focused market.

Financially, Antique Decor Ltd presents a mixed picture. Current assets have decreased by 10% to £10,000, while net assets have fallen 7.4% to £3,200. Cash bank on hand has dropped significantly by 41%, down to £1,500. Trade creditors have decreased by 12%, suggesting improved management of short-term debts. Property, plant, and equipment have also seen a 20% decrease. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is common for small companies.

The decrease in cash reserves and overall assets is concerning, suggesting the company may be burning through money. However, the decrease in creditors indicates some financial discipline. It’s likely that the company is reinvesting in inventory or marketing to grow its business, but careful monitoring of cash flow will be crucial.

Registered in England/Wales under the registration number 12781741, with a registered address at IG6 3AW, United Kingdom, Ilford, 88 Clinton Crescent.

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