Goods Of Design Ltd

Goods Of Design Ltd from London UK is a small, active company founded six years ago. Despite its status, the company has accounts overdue for a year and confirmation statements overdue for a year, suggesting potential management challenges. It employs just two people and holds a modest £3,496 in assets, operating from a virtual address shared by many other businesses – a red flag. The company is owned by Tainton Andrew and Warwick Hannah, and managed by three directors, all of whom are listed as directors five years ago. It runs an e-commerce site and is an irregular importer of essential oils and perfumes, with just one month of import activity recorded in 2019.

The company operates in the retail sale via mail order houses or via internet industries. Its website, Victory Design Ltd, is a comprehensive online store selling sign-making supplies, digital printing products, and garment marking equipment. The site lists a vast range of items, from vinyl and inks to heat presses and garment films, catering to a diverse customer base. It’s clear that Victory Design Ltd is a well-established online retailer, with a wide product range and a focus on customer service.

Financially, Goods Of Design Ltd presents a concerning picture. Net assets have plummeted 91% to -£27,000, and cash reserves have fallen a staggering 93% to just £1,800. Bank borrowings have increased significantly, with an overdraft now standing at £6,000 – a substantial jump. Current assets have also dropped dramatically, falling 90% to £3,500. While creditors have decreased, the overall trend points to a company struggling to manage its finances. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) may offer some flexibility, but the sharp decline in equity raises serious concerns. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

In short, Goods Of Design Ltd is facing significant financial pressures, despite its active status and established e-commerce presence. The company’s reliance on irregular imports and its virtual address add further layers of complexity.

Registered in England/Wales under the registration number 11700206, with a registered address at WC1N 3AX, United Kingdom, London, 27 Old Gloucester Street.

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