Edinburgh Mercantile Ltd

Edinburgh Mercantile Ltd, based in Edinburgh, UK, is a small, family business with an active status. Founded five years ago in 2019, the company employs just two people and holds £66,947 in assets. It operates from a real address and is managed by two directors and two owners. The business runs an e-commerce site and enjoys a stellar 5.0 Google rating based on 15 reviews. It’s an irregular importer, primarily bringing in clothing and accessories made by knitting or crocheting, with just two months of import activity recorded as of October 2024.

The company’s website, Edinburgh Mercantile, describes itself as a provider of “useful beautiful objects,” focusing on kitchenware, stationery, and home goods. It emphasizes trusted designers, practical use, and a utilitarian ethos. The site showcases a curated selection of products, from Pith notebooks to stoneware serving bowls, catering to a design-conscious customer. It also has a physical store in Stockbridge, Edinburgh, open Tuesday to Saturday.

Financially, Edinburgh Mercantile Ltd presents a mixed picture. Current assets increased by 30% to £67,000, while net assets rose by 170% to £5,300. Creditors decreased by 25% to £14,000, suggesting improved debt management. However, bank borrowings increased by 2,400%, reaching £29,000, and cash reserves fell 55% to £31,000. 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 agility, but the increased borrowings raise questions about its cash flow. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Edinburgh Mercantile Ltd appears to be navigating the challenges of a small, family-run e-commerce business. Its strong Google rating and curated product selection are positives, but the increased debt suggests it’s burning through money.

Registered in Scotland under the registration number SC642004, with a registered address at EH4 1PT, Scotland, Edinburgh, 1/1 Clarendon Crescent.

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