Design Maven Ltd

Design Maven Ltd, based in Dalkeith, UK, is a small, family business with an active status. Founded four years ago in December 2020, the company employs four people and holds £134,898 in assets. It operates from a real address shared by eight other companies, and is led by one director and two owners. The business regularly imports furniture, lighting, and prefabricated buildings – a total of seven months of imports were recorded, with the most recent in December 2024 – and occasionally exports wood and wood products, with one month of export activity as of December 2022.

Design Maven’s website, designmaven.co.uk, positions itself as a “Global Design Source” offering a curated selection of brands and independent designers. It caters to both consumers and B2B suppliers, even offering distribution representation for brands seeking wider reach. The site features a range of homewares, furniture, and lighting, with brands like Jonathan Adler and Skogsberg Smart prominently displayed. The website also highlights a focus on rugs, with a dedicated section showcasing Jonathan Adler’s collection. It's a well-designed e-commerce platform, complete with a blog and customer service section.

Financially, Design Maven Ltd presents a mixed picture. Current assets have significantly declined by 65%, dropping to £130,000, while net assets have also decreased to -£190,000. Trade debtors have fallen by 64%, suggesting improved collection rates, but cash reserves have also fallen considerably. Bank borrowings have increased, and creditors have decreased. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited, a common practice for small companies.

While the company's import activity suggests a healthy flow of goods, the declining assets and negative equity raise concerns. It's possible that Design Maven is experiencing typical startup challenges or adapting to changing market conditions. The focus on high-end brands and B2B representation indicates a strategy of quality over quantity, but whether this can offset the financial pressures remains to be seen.

Registered in Scotland under the registration number SC682829, with a registered address at EH22 3NX, Scotland, Dalkeith, Midlothian, C/O Melbarry Accountants, 30/5 Hardengreen Industrial Estate.

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