Etc Rugs Ltd

Etc Rugs Ltd from Bradford UK: a small, active company founded 12 years ago, currently has accounts overdue for 10 months. With two employees and £487,111 in assets, the business operates from a real address and is led by one director and two owners. It’s a regular importer of carpets and textile floor coverings, with three months of import activity recorded. The company is involved in the wholesale of furniture, carpets, and lighting equipment.

The company’s website is not available, so it’s difficult to determine if it operates an e-commerce site. However, the wholesale nature of the business suggests it primarily caters to trade customers rather than direct consumers.

Financially, Etc Rugs Ltd presents a mixed picture. Current assets have increased significantly, jumping 250% to £490,000. However, net losses have deepened considerably, with retained earnings plummeting 1200% to £34,000. Cash reserves have seen a remarkable increase, soaring 5400% to £26,000—a positive sign. Trade debtors, however, have ballooned by 2800%, indicating potential issues with customer payments. Creditors have also risen sharply, increasing 39% to £170,000. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the substantial equity decline warrants attention. With no auditor mentioned, the figures are unaudited.

Despite the challenges, the significant increase in cash reserves suggests the company may be navigating its financial pressures effectively. The growth in debtors, however, could be a concern if payments aren’t received promptly. The company’s focus on importing carpets and textile floor coverings, combined with its wholesale operations, positions it within a competitive market.

Registered in England/Wales under the registration number 08140412, with a registered address at BD8 8HE, England, Bradford, 21 St. Michaels Road.

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