Julia Palmer Design Ltd

Julia Palmer Design Ltd, based in London UK, is a small, active company founded eight years ago in 2016. It’s a solo-founded operation with a single director and owner, employing just one person and holding £181,413 in assets. The company operates from a virtual address—with 1170 other companies registered at the same location—and regularly imports furniture, lighting, and prefabricated buildings, with five months of import activity recorded, the last in May 2023. The company specializes in design activities.

The business appears to focus on design services, though a dedicated website isn't available to analyze. This lack of an online presence suggests a business model reliant on direct client interaction or referrals, rather than mass-market online sales.

Financially, Julia Palmer Design Ltd is showing concerning trends. Current assets have plummeted by 53%, dropping to £180,000, while net assets have fallen dramatically by 98%, leaving just £5,000. Bank borrowings have increased by 11%, reaching £15,000, and cash reserves have evaporated by 96%, leaving just £3,600. Creditors have also risen by 5.6%, and trade debtors have decreased by 42%. While the company meets the criteria for a small business—turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—the sharp decline in equity is a red flag. The company is exempt from an audit, so the figures are unaudited.

The company's reliance on retained earnings has clearly diminished, suggesting it's burning through cash faster than it's generating revenue. Whether this is a temporary setback or a longer-term challenge remains to be seen, but the financial data paints a picture of a business under pressure.

Registered in England/Wales under the registration number 10287402, with a registered address at EC3V 3QQ, United Kingdom, London, 73 Cornhill.

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