Idolum Design Resource Limited

Idolum Design Resource Ltd, based in Calne, UK, is a small, active company established 23 years ago. With ten employees and £76,878 in assets, it’s a solo-founded operation managed by a single director and owner. The company operates from a virtual address – registered at a location shared by 273 other businesses – and irregularly imports man-made filaments and related materials, with the last import activity recorded one month ago.

The company’s website, contactidolum.net, showcases bespoke curtains, blinds, and soft furnishings, alongside interior design services. It also highlights a “Meet the Team” section, a gallery of work, testimonials, and a list of suppliers, suggesting a focus on customer engagement and quality craftsmanship. The site also links to Houzz and includes contact details, indicating a desire to reach a wider audience.

Financially, Idolum Design Resource Ltd presents a mixed picture. While bank borrowings decreased by 28%, cash reserves remained steady at £6,300. However, net assets declined significantly, dropping 86% to just £1,000, and current assets also decreased by 9.2%. Trade debtors also fell, suggesting improved collection practices. Creditors, however, increased by 8.4%, and other debt increased by 61%, which could indicate increased reliance on credit. The company meets two of three criteria to be classified as small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

Overall, Idolum Design Resource Ltd appears to be navigating a challenging financial environment. The decrease in assets and net assets, alongside the increase in creditors, suggests potential cash flow pressures. However, the company’s focus on bespoke design services and its online presence offer avenues for growth, and the decrease in bank borrowings indicates some degree of financial discipline.

Registered in England/Wales under the registration number 04288612, with a registered address at SN11 0BT, England, Calne, Wiltshire, 1 Market Hill.

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