Karm Design Limited

Karm Design Ltd from Gateshead UK: a small, active company founded 10 years ago, employs 7 people, and holds £533,982 in assets. It’s a real address with four directors, though there are no listed owners. The company regularly imports and exports machinery, boilers, and mechanical appliances, including parts – 17 months of imports and 12 months of exports recorded.

The company operates in the specialised design activities industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. The company’s website is not available, so it’s difficult to determine if it’s an e-commerce business.

Financially, Karm Design Ltd shows some concerning trends. Accumulated depreciation for plant machinery increased by 31%, while vehicles depreciation grew by 25%. Bank borrowings decreased by 40%, and the bank overdraft decreased by 19%. Cash bank on hand increased by 4.6%, which is good. However, creditors increased by a staggering 140%, and trade debtors increased by 15%. Equity decreased by 12%, which is a significant drop. It’s worth noting that the company’s net assets also decreased by 12%. The company’s unaudited accounts, prepared under FRS 102, show that it’s a small company exempt from an audit.

The increase in creditors and the decrease in equity suggest that the company may be facing financial pressures. While the increase in cash reserves is positive, it’s not enough to offset the other negative trends. The company’s lack of owners could also be a concern, as it may indicate a lack of long-term commitment. The company's financial statements were authorised on June 17, 2024.

Registered in England/Wales under the registration number 09336089, with a registered address at NE11 0QG, England, Gateshead, Tyne And Wear, Unit 4 Earlsway Trade Park, Earlsway, Team Valley Trading Estate.

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