I-select Decorations Limited

I Select Decorations Ltd from West Malling UK: small company, active status, founded 7 years ago, £10,752 assets, real address, 1 director, 1 owner, solo founder. The company operates in the retail sale via mail order houses or via internet industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £10,752.

The business, Select Decorating Specialists Limited, appears to be a painting and decorating service, with a strong emphasis on customer satisfaction. The website showcases a gallery of before-and-after photos and glowing testimonials from satisfied clients in Croydon, Warbank, and London. It seems to be a local operation, with a focus on residential and commercial projects, offering a wide range of services from feature walls to staircase renovations. The site’s design is simple but effective, highlighting the company’s experience, creativity, and commitment to quality. It’s clearly an ecommerce-focused business, with a contact form and a "Get a Free Quote" section prominently displayed.

Financially, I Select Decorations Ltd shows some concerning trends. Current assets have decreased by a significant 34%, dropping to £11,000. Bank borrowings have also declined, falling by 14% to £8,100, which could be a positive sign. However, cash reserves have plummeted 72%, leaving just £2,200 on hand. Creditors have also decreased by 36%, and debtors are down a whopping 100%. While the company's small size allows it to be agile, the sharp decline in cash and the increase in liabilities suggest it's burning through money. The company is exempt from an audit, so the figures are unaudited. It’s a bit of a worry, really.

It seems like the business is struggling to maintain its financial stability, despite its positive customer reviews and local presence. Perhaps a slowdown in demand or increased material costs are to blame.

Registered in England/Wales under the registration number 10891845, with a registered address at E7 9HR, England, London, 5a Stork Road.

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