Handmade Rugs Limited

Handmade Rugs Limited is a small, active company based in Reading, UK, established twelve years ago in 2012. With four employees and £187,994 in assets, it operates from a virtual address shared by fifty-seven other companies, raising some concerns. The company is led by a solo founder and director, Hill Anthony Richard, and has one owner reported, although this may not be exhaustive. It's a regular importer, specializing in carpets and textile floor coverings, with 34 months of import activity recorded, the last in November 01, 2024.

The company's website, Handmade Rugs, showcases a curated collection of rugs sourced directly from artisans around the globe. It operates from two locations: New Alresford and Rye, East Sussex, and offers nationwide shipping. The site features a "Spotlight" section highlighting a handmade Afghan rug, priced at £2,240, and encourages visitors to sign up for news and offers. Handmade Rugs emphasizes ethical sourcing and 100% ethically sourced wool pile surface, promising high-quality materials and craftsmanship.

Financially, Handmade Rugs Limited presents a mixed picture. While cash reserves increased by 56% to £13,000, accumulated depreciation impairment property plant equipment rose by 67% to £4,400, indicating increased wear and tear on assets. Bank borrowings decreased by 43% to £10,000, and creditors decreased by 3.8% to £140,000. Despite this, net assets liabilities decreased by 12% to £64,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit as a small business, relying on unaudited statements. The company is currently trading at a loss, with a net loss of £23,000.

Registered in England/Wales under the registration number 08241900, with a registered address at RG1 8EQ, England, Reading, Berkshire, 3 Richfield Place, Richfield Avenue.

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