Dexelance Uk Ltd

Dexelance Uk Ltd, based in London, is a small, active company founded seven years ago in 2017. With four employees and £274,408 in assets, it operates from a real address shared by only one other company, suggesting a relatively low profile. The company is led by two directors, although no owners are currently reported, which is not unusual for smaller entities.

Dexelance specialises in importing and exporting furniture, lighting, and prefabricated buildings. It has a substantial history of importing these goods, with 117 months of import activity recorded, the latest in February 1995. It has also recently begun exporting, with three months of activity, the last in June 2023. The company’s website highlights its mission to inspire and improve lives through refined design, showcasing a curated selection of Italian and international brands like Turri, Saba Italia, and Davide Groppi. It seems to operate as an agent, connecting these brands with UK customers, and even collaborates with Elle Decor on design awards and events.

Financially, Dexelance shows a mixed picture. Current assets have decreased by 17% to £270,000, while net assets have plummeted 89% to just -£29,000. Bank borrowings have increased, and cash reserves have fallen by 31%. Creditors have also decreased, suggesting improved debt management. The company’s small size—meeting two of three conditions for being considered small—helps it remain flexible, but the significant equity drop raises concerns. The company is exempt from an audit, so the figures are unaudited.

The company’s financial instruments have seen a significant shift, with accrued liabilities decreasing by 40% and amounts owed to group undertakings dropping by nearly 50%. It’s possible these changes reflect a restructuring of its financial relationships. The company’s future minimum lease payments have also decreased, which could indicate renegotiated contracts. It seems the company is facing some financial pressure, but its focus on high-end design and collaborations with established brands could help it navigate these challenges.

Registered in England/Wales under the registration number 10963638, with a registered address at EC4N 1TX, United Kingdom, London, United Kingdom, C/O Pirola Pennuto Zei & Associati Ltd 5th Floor, Aldermary House, 10 - 15 Queen Street.

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