Cartion Ltd

Cartion Ltd from Wrexham UK: a small, active company founded 19 years ago, employs two people, and holds £34,296 in assets. It has a real address, three directors, and one owner. The company regularly imports furniture, lighting, and prefabricated buildings—nine months worth of imports, with the last operation in May 2022.

The company’s website, Chateau Luxury Furniture and Mirrors, showcases a specialist in antique, reproduction, and French-style furniture and mirrors. It offers a wide range of products, from beds and chairs to chandeliers and wall art, catering to customers seeking luxury and classic designs. The site also highlights a division, Cartion Ltd, registered in England, VAT registered, and uses IRIS Accounts Production software.

Financially, Cartion Ltd’s numbers paint a mixed picture. Current assets have fallen by 36%, dropping to £34,000, while net assets have plummeted 62%, landing at -£6,700. Bank borrowings have also decreased, but cash reserves have declined by 17%, settling at £2,000. Creditors have decreased, suggesting better debt management, but the substantial equity drop is a concern. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible. No auditor is mentioned, so the figures are unaudited.

Overall, Cartion Ltd appears to be facing financial pressures despite its strong brand and product offering. The decline in equity and the drop in cash reserves are worrying signs, but the company’s focus on luxury goods and its established online presence could help it weather the storm.

Registered in England/Wales under the registration number 05533563, with a registered address at LL13 9SW, Wrexham, Clwyd, Cornish Hall Wrexham Road, Holt.

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