Inspirational By Design Ltd

Inspirational By Design Ltd, based in Nr Crediton, UK, is a small, active company established twenty years ago. With six employees and £555,203 in assets, it operates from a real address and is overseen by four directors and one owner. The company’s Google rating sits at a perfect 5.0 based on three reviews, and it runs an e-commerce site. It regularly imports jewelry, precious stones, and metals—a consistent activity over the last forty-seven months—and has recently begun exporting similar goods, with seven months of export activity recorded.

The company’s website, while not detailed, indicates a focus on wholesale distribution within the watches and jewelry industries. It’s a small operation, meeting two of three conditions to be classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Inspirational By Design Ltd presents a mixed picture. While cash bank on hand increased by 14% to £350,000, creditors have risen by 16% to £230,000. Trade debtors have also increased by 20% to £59,000. Net assets have grown by 7.2% to £210,000, which is good, but the company’s accumulated depreciation impairment of property, plant, and equipment has increased by 50% to £6,300. The company’s intangible assets have decreased by 49% to £14,000. The company’s unaudited accounts, prepared using VT Final Accounts software, are exempt from an audit due to its size.

The company’s recent focus on exporting, after a long period of importing, could indicate an attempt to diversify revenue streams. The increase in trade debtors suggests a possible need to manage customer payments more closely, though the overall financial picture isn't alarmingly bad.

Registered in England/Wales under the registration number 05137642, with a registered address at EX17 4ET, Nr Crediton, Devon, Bawdenhayes, Sandford.

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