Carnation Crafts Limited

Carnation Crafts Ltd from Loughborough UK: a small holding company with an active status, was founded six years ago and employs 18 people. The company holds £873,975 in assets and operates from a virtual address, registered at a location shared by 115 other businesses – a red flag. It's managed by two directors and has one owner, though the owner list may not be exhaustive. The company regularly imports machinery, boilers, and mechanical appliances; parts, with 27 months of import activity recorded, the last in October 2024. It exports basic metal tools and utensils irregularly, with just one month of export activity as of July 2024.

The company’s website is non-existent, making it difficult to ascertain its specific operations beyond what’s stated in the report. It operates in the “other business support service activities n.e.c.” industry, which is a broad category.

Financially, Carnation Crafts Ltd presents a mixed picture. Current assets have decreased by 21% to £870,000, while net assets have fallen by 28% to £540,000. Bank borrowings remain stable at £50,000, but cash reserves have increased by a significant 100% to £200,000. Trade debtors have plummeted by 72%, suggesting improved collection efforts, but creditors have increased by 5.6% to £250,000. The company’s size—meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees)—allows for flexibility, but the decline in equity warrants closer examination. The company's average number of employees has increased by 11% to 20. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Carnation Crafts Ltd seems to be navigating a period of transition. The increase in cash reserves is encouraging, but the decrease in equity and the reliance on a virtual address raise questions about its long-term stability. It's likely the company is facing challenges in growing its business, but the current financial position doesn't indicate an immediate crisis.

Registered in England/Wales under the registration number 11880918, with a registered address at LE12 7TZ, England, Loughborough, Leicestershire, C/O Charnwood Accountants The Point, Granite Way, Mountsorrel.

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