Karpet Kingdom Limited

Karpet Kingdom Limited, based in Lowestoft, UK, is a small, holding company with an active status, celebrating 41 years in business. The company employs 18 people and holds £3,852,663 in assets, operating from a virtual address shared by 64 other companies. It's led by four directors and has one owner, though the list of owners changed nine years ago. The company regularly imports furniture, lighting, and prefabricated buildings, with its last import operation occurring in March 2024.

The business operates a retail store and website, Karpet Kingdom, offering a wide range of products including carpets, vinyls, sofas, beds, and home accessories. The website highlights leading brands, offers interest-free credit options, and provides free in-home measuring services. It also caters to commercial clients with flooring solutions for factories, schools, and more. The store is open seven days a week, and the company emphasizes customer service and a large in-stock range.

Financially, Karpet Kingdom Limited shows a mixed picture. Accumulated amortisation of intangible assets remained unchanged, while accumulated depreciation of property, plant, and equipment increased by 7.5%. Amounts owed by group undertakings rose by 12%, and the average number of employees increased by 11%. However, cash bank on hand stayed consistent. Creditors decreased by a significant 24%, and current assets remained relatively stable. The company’s size—meeting two of three conditions for a small company—allows for agility, but the increase in property, plant, and equipment by 26% suggests investment. The company’s financial statements are unaudited, a common exemption for small entities.

While the business appears to be maintaining a steady pace, the increase in property, plant, and equipment and the decrease in creditors could indicate a need for careful financial management. The company’s focus on customer service and a wide product range positions it well in the competitive retail market, but the long-term financial health will depend on sustained growth and efficient operations.

Registered in England/Wales under the registration number 01805777, with a registered address at NR32 1PL, Lowestoft, Suffolk, Number Sixty One, Alexandra Road.

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