Kia Designs Ltd

Kia Designs Ltd, based in London, UK, is a small, active company founded 16 years ago. With nine employees and £357,041 in assets, it’s a well-established player in the luxury interior design market. The company, led by two directors and a solo founder, boasts a stellar 5.0 Google rating from 48 reviews, a testament to its quality service. It regularly imports furniture, lighting, and prefabricated buildings—the latest shipment arriving four months ago.

The company's website showcases a portfolio of award-winning interior design projects, targeting high-end residential clients. Kia Designs positions itself as a leading studio specializing in bespoke interiors, emphasizing personalized service and meticulous attention to detail. Recent blog posts cover topics like kitchen planning, combining living and dining rooms, and eco-friendly design—demonstrating a commitment to both aesthetics and client education. It appears to be a design studio, not an e-commerce business, with a focus on consultations and project management.

However, a closer look at the financials reveals some concerning trends. While the company’s small size (meeting two of three conditions for a small company) helps it stay nimble, net assets have plummeted 96% to a mere £1,000—a significant drop. Cash reserves have also fallen 40% to £350,000. Bank borrowings have surged dramatically, increasing by 2,400% to £150,000. Trade debtors have also risen sharply, suggesting potential issues with customer payments. Despite these challenges, creditors have decreased slightly, indicating improved debt management. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

In short, Kia Designs Ltd is facing financial headwinds despite its strong reputation and high Google rating. The sharp decline in equity raises questions about the company's long-term sustainability, and it’s likely that the increased bank borrowings are helping to keep the business afloat. Whether the company can weather this storm and continue its success in the luxury design market remains to be seen.

Registered in England/Wales under the registration number 06781388, with a registered address at SE1 2TU, United Kingdom, London, 148 Tooley Street Kia Designs.

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