Destina Home Ltd

Destina Home Ltd from London UK: a small, active company founded three years ago, holds £17,095 in assets, and operates from a virtual address. It’s a one-director, two-owner operation running an e-commerce site with a stellar 5.0 Google rating based on three reviews. The company is an irregular importer of furniture, lighting, and prefabricated buildings, with just one month of imports recorded as of November 2023.

The company’s website, Destina Home, showcases a wide range of furniture and home décor items, from TV stands and coffee tables to beds and kitchen cabinets. It offers free shipping within the mainland UK and international delivery, and utilizes Klarna for split payments. The site is well-designed and easy to navigate, with a focus on modern styles and competitive pricing. It's clear they're targeting a broad audience seeking affordable, stylish home furnishings.

Financially, Destina Home Ltd presents a mixed picture. Current assets have dropped significantly, falling 54% to £17,000. Bank borrowings have increased dramatically, jumping 4,900% to £3,000, while cash reserves have also declined, falling 4900% to £3,000. Creditors have decreased by 58%, which is a positive sign, but the sharp decline in net assets—down 80% to £2,000—is concerning. Trade debtors have also fallen, decreasing 54% to £8,100. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, relying on unaudited financial statements.

Overall, Destina Home Ltd appears to be facing some financial headwinds, with declining assets and increased borrowing. However, its strong online presence and positive customer reviews suggest a potential for recovery—though the long-term sustainability of the business remains to be seen.

Registered in England/Wales under the registration number 13959411, with a registered address at N16 9BS, England, London, 17 Green Lanes.

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