Asiatic Carpets Limited

Asiatic Carpets Ltd from London UK: a large company, holding company, active status, founded 47 years ago, 67 employees, £14,958,961 assets, yearly revenue: £18,983,735, real address, 5 directors, 1 owner, e-commerce site, google rating 4.0 based on 3 reviews. Regular importer of carpets and textile floor coverings (559 months imported). Regular exporter of carpets and textile floor coverings (230 months exported). It’s a well-established player in the rug market, operating as a holding company with a wide-ranging portfolio of rug styles and collections, from modern designs to classic heritage pieces. The company’s website showcases a vast selection, categorized by style, material, and intended use – from alfresco rugs to cosy textures and natural weaves. They even offer accessories like door mats, cushions, and rug pads.

The company's e-commerce presence is central to its operations, providing a platform for customers to browse and purchase rugs online. It’s clear they are focused on providing a multiaward winning service. They have a great reputation, with a 4.0 rating on Google based on three reviews.

Financially, Asiatic Carpets Ltd shows some interesting trends. While turnover increased by a healthy 14% to £19 million, net assets rose by just 10% to £11 million. Bank borrowings increased significantly by 98% to £730,000, and cash reserves took a hit, falling 95% to just £8,600. Interestingly, creditors also increased by 51% to £3.4 million. The company’s large size (meeting two of three criteria for a large company) suggests a stable business, but the decrease in cash reserves and increase in bank borrowings could indicate a need for careful financial management. The auditor, JLA (UK) Ltd, has provided an opinion that the financial statements give a true and fair view.

Overall, Asiatic Carpets Ltd appears to be a successful, albeit potentially stretched, business. The company’s focus on e-commerce and diverse product range positions it well in the competitive rug market, but the financial data suggests that the company is facing some pressures.

Registered in England/Wales under the registration number 01332676, with a registered address at N4 1TJ, London, Occ Estate, 105 Eade Road.

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