Cube Carpets Ltd

Cube Carpets Ltd, based in Bradford, UK, is a small, active company founded just four years ago. With five employees and £128,735 in assets, it operates as a solo-founder venture with a single director and owner. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating from 245 reviews, indicating high customer satisfaction.

The business primarily focuses on retail sales via mail order and the internet, offering a range of carpets and related products. Its website, designer carpet outlet, showcases a wide selection of carpets, from designer brands like Ryalux and Westex to more affordable options. The site features detailed product descriptions, customer reviews, and a user-friendly shopping experience. It even offers a request a sample feature, which is a nice touch.

Financially, Cube Carpets Ltd presents a mixed picture. While cash reserves increased by 22% to £28,000, current assets decreased by 3.6% to £130,000. Debtor levels dropped significantly, by 25% to £21,000, which is a positive sign of better cash flow management. However, the most concerning trend is the sharp decline in equity, which plummeted 12% to -£60,000. Creditors also rose substantially, by 43% to £200,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the equity decline suggests potential financial strain. As a small company, it’s likely exempt from an audit, so the financial statements are unaudited.

The company’s workforce has also shrunk considerably, with the average number of employees dropping 60% to just two. This could be a response to the financial challenges, or perhaps a strategic move to streamline operations. Overall, Cube Carpets Ltd appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 12760476, with a registered address at BD12 0NQ, England, Bradford, West Yorkshire, Unit 5 Aylesham Industrial Estate, Brighouse Road.

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