Based Upon Ltd

Based Upon Ltd, a small, family-run business from London, UK, has been operating for 20 years. With 30 employees and £5,911,742 in assets, the company is a regular importer of miscellaneous chemical products (12 months) and a long-standing exporter of furniture, lighting, and prefabricated buildings (60 months). It’s a tight-knit operation with four directors and three owners, all likely family members. The company’s website showcases a diverse range of artistic and design projects, including piano restoration—a surprising addition to its core business.

The website, a visually rich platform, highlights a variety of projects, from architectural installations to bespoke furniture. It even features a dedicated section for "1066 Pianos," revealing a second business focused on restoring and integrating self-play systems into high-end pianos. The website is very impressive, but it’s unclear how the two businesses are connected.

Financially, Based Upon Ltd’s recent performance shows some concerning trends. Current assets have fallen by 4.1% to £5,900,000, while net assets have dropped significantly by 17% to £3,700,000. Bank borrowings have increased, and cash reserves have declined, suggesting a potential squeeze on liquidity. Creditors have also risen, indicating increased reliance on external financing. The company’s small size—meeting two of three criteria for being classified as small—helps it remain agile, but the decline in equity is something to watch. No auditor is mentioned, so the figures are unaudited.

Despite these challenges, Based Upon Ltd’s diverse range of projects and established export history demonstrate resilience. The addition of the piano restoration business adds a layer of prestige, but whether it can offset the financial pressures remains to be seen. The company seems to be doing well, but it’s important to keep an eye on its financial performance in the coming months.

Registered in England/Wales under the registration number 05425139, with a registered address at SE18 5TT, London, 218b Swan Road Westminster Industrial Estate.

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