Isfahan Carpet Palace Limited

Isfahan Carpet Palace Ltd, based in Guildford, UK, is a small, family-run business with an active status, celebrating 41 years in operation. Employing just two people, the company holds £67,128 in assets, although its registered address is a virtual one, shared by 97 other companies. With three directors and two owners, the business operates as a regular importer of carpets and textile floor coverings, with five months of import activity recorded as of September 2019. The company boasts a perfect 5.0 Google rating based on three reviews.

The company's website, The7.co.uk, lists Isfahan Carpet Palace Ltd as operating from Twickenham and serving a wide range of locations across the UK, from Aberdeen to Southend-on-Sea. It appears to be primarily a retail operation, selling carpets and rugs, although the website also lists related companies involved in nails, locks, cleaning services, and even piano restoration—a diverse range of ventures. The company’s focus is on providing a wide selection of carpets to customers across the country.

Financially, Isfahan Carpet Palace Ltd shows a mixed picture. Current assets have fallen by 25% to £67,000, while net assets remained constant at £620,000. Bank borrowings decreased by 37%, settling at £26,000, and creditors also decreased by 14%, to £81,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the drop in current assets could indicate some financial pressure. As a small company, it's likely exempt from an audit, so the figures are unaudited.

Overall, Isfahan Carpet Palace Ltd seems to be a long-standing business navigating the challenges of a competitive market. The diverse range of related companies suggests a family with multiple business interests, although the financial details point to a need for careful management to ensure continued success.

Registered in England/Wales under the registration number 01736426, with a registered address at BN3 2DL, East Sussex, 168 Church Road, Hove.

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