Design Skills Limited

Design Skills Limited is a small, active company registered in London, UK, founded seven years ago in March 2018. With £2,213,307 in assets and a real address at NW6 2EG, it’s a lean operation managed by one director and owner. The company operates in the management consultancy activities other than financial management industries. It’s a regular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, totaling three months of imports, the last recorded in January 2022.

The company’s website, while not fully detailed, suggests a focus on consultancy services. It’s unclear if the company operates an e-commerce component, but the focus appears to be on professional services rather than direct sales.

Financially, Design Skills Limited shows some concerning trends. Current assets have decreased by 15% to £2,200,000, while net assets have dropped by 0.95% to -£210,000. Bank borrowings have remained stable at £11,000, but cash reserves have disappeared completely, falling 100% to zero. Creditors have also decreased by 14%, which could be a positive sign of improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the significant equity decline and lack of cash reserves are worrying. The company’s accounts were audited by Goldwins Limited, and the senior statutory auditor was Anthony Epton.

The company is supported by its parent company Free to Learn Ltd, which could be a reason why the company is still operating. It’s clear that Design Skills Limited is facing financial pressure, and its ability to sustain operations will depend on its ability to generate revenue and manage its expenses.

Registered in England/Wales under the registration number 11277904, with a registered address at N2 8EY, London, Langley House, Park Road.

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