Joshua Lumley Limited

Joshua Lumley Limited, based in Ashford, UK, is a small, active company established 16 years ago. With two employees and £197,397 in assets, it operates from a real address and is managed by three directors, including Lumley Joshua John as the owner. The company runs an e-commerce site specializing in antique rugs, carpets, kilims, and tapestries, both new and vintage. It regularly exhibits at The Decorative Fair in Battersea Park and offers personal consultations for clients seeking unique pieces.

The website showcases a diverse collection, from Ushak carpets to Ziegler Mahal rugs, emphasizing quality and craftsmanship. It highlights the owner’s extensive experience in the rug trade, having worked at Bonhams Auctioneers, Phillips, and Sotheby’s. The site's design is clean and visually appealing, with high-quality images and detailed descriptions of each item. It's clear the business is focused on a niche market, catering to interior designers and private collectors.

Financially, Joshua Lumley Limited’s recent report reveals some concerning trends. Cash bank on hand has plummeted by a staggering 83%, falling to just £16,000. While creditors have decreased by 22%, indicating improved debt management, net current assets and liabilities have also fallen by 8.6%. The company's equity has also dropped by 8.1%, though it remains profitable with £43,000 in profit. Bank borrowings have increased, which could be a sign of the company needing to finance its operations. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the sharp decline in cash reserves warrants attention. No auditor is mentioned, which is typical for a small, exempt company. The company’s focus on a specialized market and its owner’s expertise should help it navigate these challenges, but the financial figures suggest a need for careful management and possibly a review of its pricing strategy.

Registered in England/Wales under the registration number 06864049, with a registered address at TN27 9AN, Ashford, Kent, Stone Barn Stonebridge Green Road, Egerton.

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