Deva Designs Limited

Deva Designs Ltd from Chester UK: a small holding company with an active status, was founded 32 years ago in 1992. The company employs nine people and holds assets of £909,229. It has a real address, two directors, and three owners, and regularly imports and exports paper and paperboard products – 173 months of imports and 20 months of exports.

The company, established by Philippa Devas in 2002, is listed among London’s top 100 interior design companies. Deva Designs marries a natural style with a focus on client ideas, and its website showcases a portfolio of bespoke projects. It also offers sourcing services and has a blog, suggesting a focus on client engagement. The website’s London International phone number and presence in Harrods indicate a high-end market.

Financially, Deva Designs Ltd presents a mixed picture. Current assets increased by 7.5% to £910,000, while net assets decreased by 1.5% to £420,000. Bank borrowings increased significantly, with non-financial instruments rising 160% to £130,000, and trade creditors also increased by 37% to £84,000. Cash reserves grew by 9.8% to £49,000. 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. The accounts are unaudited, likely due to its small size.

While the company’s assets are growing, the increase in borrowing and creditors suggests it’s burning through cash. The company’s focus on high-end interior design and sourcing may be contributing to this, as it requires significant upfront investment. The change in ownership and directors reported nine months ago could also be a factor, perhaps reflecting a shift in strategy or management.

Registered in England/Wales under the registration number 02728257, with a registered address at CH1 4NE, Chester, 6 Chelford Close, Sealand Industrial Estate.

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