Distinct Designs (london) Ltd

Distinct Designs London Ltd from London UK: small company, active status, founded 7 years ago, 1 employee, £5,554 assets, virtual address, 2 directors, 2 owners, family business. Irregular importer of furniture, lighting, and prefabricated buildings (1 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £5,554.

Distinct Designs operates as an online retailer specializing in lighting, furniture, and radiator covers. Their website showcases a wide range of products, from vintage-style pendant lights to custom-made radiator covers, catering to both commercial and residential customers. They even offer a selection of children’s products, including radiator cabinets and blackboards. The site’s design is visually appealing, with a focus on high-quality photography and a user-friendly shopping experience. They offer a variety of payment methods and ship internationally. It appears they are trying to position themselves as a source of affordable luxury, with a focus on unique and stylish home décor items.

Financially, Distinct Designs London Ltd presents a mixed picture. Current assets have fallen by a significant 29%, dropping to £5,600, while net assets have plummeted 120%, ending at a negative £510. This suggests the company is burning through cash. Bank borrowings have increased, and cash reserves have decreased by 54%, leaving only £3,000. However, creditors have also increased by 29%, which could be due to increased stock purchases to meet demand. The single employee reported is consistent with its small size, but the negative equity is a concerning trend. No auditor is mentioned, which is common for small, exempt companies.

The company’s irregular import activity—just one month of importing furniture, lighting, and prefabricated buildings—suggests a cautious approach to sourcing. It's possible they are testing the waters with different suppliers or focusing on specific product lines. The family business structure likely contributes to a lean operation, but the financial data indicates a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 10896720, with a registered address at EC1N 8LE, England, London, 63/66 Hatton Garden Fifth Floor Suite 23.

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