De Gournay Limited

De Gournay Ltd, hailing from Chichester, UK, is a large company with an active status, celebrating 32 years in business. Employing 66 people, the firm boasts substantial assets of £15,742,725 and a yearly revenue of £15,992,952. Despite a high Google rating of 5.0 based on one review, the company operates from a virtual address, registered at an address shared by 267 other companies, raising some questions. It’s led by four directors and has one owner, although the list of owners was changed nine years ago.

The company specializes in hand-painted wallpaper and fabrics, evident from its website. It’s a luxury brand, offering bespoke designs and restoration services, catering to high-end interiors. The website highlights its commitment to craftsmanship and offers a range of products, including porcelain and embroidered wallcoverings. It’s clear the company is focused on a premium market, with a strong emphasis on design and quality.

Financially, De Gournay Ltd presents a mixed picture. While turnover remained steady, cash and cash equivalents experienced a significant drop of 83%, falling to £1,000,000. Bank borrowings increased by 67%, reaching £4,900,000, which could indicate increased investment or financing needs. Creditors also rose by 8.7%, suggesting a need to manage short-term liabilities. On a positive note, staff costs increased by 14%, which could reflect efforts to expand operations. The company’s large size (meeting two of three criteria for a large company) suggests it’s a significant player in its niche, but the drop in cash reserves warrants attention. The company’s financial statements were audited by Kreston Reeves LLP, providing some assurance of their reliability.

Overall, De Gournay Ltd appears to be a well-established luxury brand facing some financial headwinds. Its focus on high-end design and craftsmanship, combined with a strong brand reputation, positions it well for long-term success, but careful management of its cash flow will be essential.

Registered in England/Wales under the registration number 02718451, with a registered address at PO20 7AJ, United Kingdom, Chichester, West Sussex, 9 Donnington Park, 85 Birdham Road.

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