Diva Creations Limited

Diva Creations Limited is a small, active company based in Nottingham, UK, established 21 years ago in 2004. With three employees and £69,037 in assets, it operates from a real address and is led by one director and owner. The company regularly imports leather goods, travel bags, and animal harnesses, with 22 months of import activity recorded, the last in August 2022. Its core business involves the manufacture of luggage, handbags, saddlery, and harness – a niche sector requiring specialized skills.

The company’s website, while not fully developed, suggests a focus on wholesale and potentially small-scale retail. It's not clear if they have a fully functional e-commerce platform, but the presence of a website indicates an attempt to reach a wider customer base. The business likely caters to retailers or distributors specializing in these goods, rather than direct consumers.

Financially, Diva Creations Limited presents a mixed picture. While current assets increased by 60% to £69,000, net assets declined by 42% to -£110,000—a significant drop indicating accumulated losses. Bank borrowings decreased by 17% to £46,000, suggesting some debt reduction, but bank overdrafts increased by 8.3% to £22,000. Trade debtors rose by 83% to £64,000, which could be a sign of extended credit terms or delayed payments. Creditors, however, decreased by 17% to £46,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the negative equity is a concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s owner, Karwal Vaibhev, seems to be heavily involved in both the business and import operations. The decrease in the number of employees from three to two could be a result of restructuring or increased workload on the remaining staff. Overall, Diva Creations Limited appears to be navigating a challenging financial landscape, relying on its import expertise and niche market to sustain its operations.

Registered in England/Wales under the registration number 05125042, with a registered address at NG16 1QD, England, Nottingham, 15 Gunnersbury Way, Nuthall.

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