Devol Kitchens Limited

Devol Kitchens Ltd, based in Loughborough, UK, is a large, active company founded 16 years ago. Boasting 288 employees and £11,438,494 in assets, the company generated £35,487,268 in revenue last year. It’s a real address, managed by three directors and one owner – a solo founder – and operates an e-commerce site. The company regularly imports miscellaneous metal items (86 months) and exports furniture, lighting, and prefabricated buildings (372 months).

Devol Kitchens is a significant player in the kitchen furniture industry, meeting the criteria for a large company: turnover exceeding £36 million, balance sheet total over £18 million, and more than 250 employees. The company’s assets have decreased by 21% to £11 million, while net assets dropped 31% to £18 million. Bank borrowings increased by 1400%, reaching £210,000, and cash reserves fell 54% to £4.7 million. Creditors decreased by 23%, suggesting improved debt management. The company’s financial statements were audited by Meadows & Co Limited.

The company’s website showcases a range of kitchen styles, from the “Real Shaker Kitchen” to the “Haberdasher’s Kitchen,” each with its own unique catalogue and project inspiration. It also offers a design service and sells a variety of homeware and accessories, including furniture, lighting, and handmade tiles. The site’s focus on craftsmanship and British design is evident throughout, with a blog featuring behind-the-scenes glimpses of the company’s production process.

While the company’s revenue remains strong, the decline in cash reserves and increase in bank borrowings are points to watch. It’s possible that the company is investing heavily in growth or facing increased competition. The decrease in assets is a little concerning, but the improved management of creditors is a positive sign. Overall, Devol Kitchens appears to be a well-established company with a strong brand and a loyal customer base, although it’s navigating some financial challenges.

Registered in England/Wales under the registration number 06707961, with a registered address at LE12 5TL, Loughborough, Leicestershire, Cotes Mill Nottingham Road, Cotes.

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