Excelsior Kitchens Limited

Excelsior Kitchens Limited, based in Saffron Walden, UK, is a small, active company founded 23 years ago. With eight employees and £420,226 in assets, it operates from a virtual address, a detail flagged by the presence of 27 other companies registered at the same location. The business is led by three directors and two owners, and is an irregular importer of furniture, lighting, and prefabricated buildings, with its last import activity occurring two months ago in November 2023.

The company's website paints a picture of a well-established custom cabinetry and millwork business, operating for over 30 years. Excelsior Kitchens, now under new management, focuses on providing high-quality design, installation, and craftsmanship for both residential and high-rise developments. It collaborates with architects and designers, emphasizing a supportive team environment and a commitment to professionalism. The site also features a GoDaddy-powered design, complete with a cookie acceptance banner.

Financially, Excelsior Kitchens Limited presents a mixed bag. Accumulated depreciation for Land Buildings remained stable, but Other Property Plant Equipment increased by 7.7%. Bank borrowings jumped significantly by 120%, reaching £23,000, while cash reserves dwindled to a mere £160. Creditors rose by 11%, and trade debtors decreased by 14%. Most concerning is the sharp decline in equity, plummeting 54% to £56,000. The company’s small size—meeting two of three criteria for a small business—helps it remain nimble, but the drop in equity suggests potential financial strain. The unaudited figures, without an auditor mentioned, rely on director-reported data.

In conclusion, Excelsior Kitchens Limited appears to be navigating a period of change. While the website highlights a strong reputation for custom work, the financials reveal a company facing challenges—particularly in retaining equity. Whether the company can sustain its operations and capitalize on its established brand remains to be seen.

Registered in England/Wales under the registration number 04263278, with a registered address at CB10 1JZ, Saffron Walden, Essex, Market House, 10 Market Walk.

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