Heirloom Experience Ltd

Heirloom Experience Ltd from London UK is a small, active company founded three years ago. It employs just three people and holds £879,710 in assets, operating from a virtual address. The company has three directors and two owners, and is an irregular importer of furniture, lighting, and prefabricated buildings, with just one month of imports recorded as of March 2024.

The company specializes in artistic creation and design activities, and its website suggests a focus on bespoke design services. While no e-commerce functionality is apparent, the site showcases a portfolio of projects and emphasizes a collaborative approach to design. It’s a small business, meeting two of three conditions for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Heirloom Experience Ltd presents a mixed picture. Cash bank on hand has seen a significant jump, increasing by 510% to £330,000—a positive sign. However, net losses deepened considerably, rising from -£10,000 to -£23,000. Creditors have also increased by 80%, reaching £310,000, and trade debtors have jumped by 14%, now at £550,000. The company’s equity has increased by 110%, now at £760,000. While the increase in equity is encouraging, the rise in both creditors and debtors suggests potential cash flow pressures. The company is exempt from an audit as a small company, so the financial data is unaudited.

Despite these challenges, the company's substantial cash reserves provide a buffer. The increase in bank borrowings to £29,000, however, should be monitored. The company's artistic focus and small size allow for agility, but the financial trends indicate a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 13874043, with a registered address at EC2A 4NE, United Kingdom, London, 86-90 3rd Floor, Paul Street.

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