Elegant Interior Designs Ltd

Elegant Interior Designs Ltd, based in Bournemouth, UK, is a small, active company established four years ago. With two employees and £97,062 in assets, it’s a modest operation led by two directors and a single owner, Karen Leary. The company enjoys a stellar 5.0 Google rating from 13 reviews, reflecting a strong reputation for its interior design services. It regularly imports furniture, lighting, and prefabricated buildings—the latest shipment arriving in November 2024.

The company specializes in design activities, operating from a real address at 7 Wessex House, St. Leonards Road. While the website is absent, the company's presence is felt through its reputation and import activities. It’s a small business, meeting two of the three criteria to be classified as such: turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees.

Financially, Elegant Interior Designs Ltd presents a mixed picture. Cash reserves have impressively surged by 370% to £88,000, and debtors have decreased by 34%, suggesting improved collection practices. However, net assets have plummeted 740% to -£18,000, and net current assets have worsened considerably, increasing by 2400%. Creditors have risen sharply, increasing by 260%, and other creditors have decreased by 93%. Bank borrowings are also up significantly. The company’s reliance on retained earnings, which are now negative, is a cause for concern. It’s likely that the company is burning through cash to maintain operations, and the significant increase in creditors suggests a need for short-term financing. The lack of an auditor (due to small company status) means the figures are unaudited. Despite these challenges, the company’s strong Google rating and consistent import activity indicate a loyal customer base and ongoing demand for its services.

Registered in England/Wales under the registration number 12941668, with a registered address at BH8 8QS, England, Bournemouth, 7 Wessex House, St. Leonards Road.

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