Knightsbridge Products Ltd

Knightsbridge Products Ltd from London UK: a small, active company founded seven years ago, is facing some challenges. Accounts and confirmation statements are overdue for two years, and the business currently employs just one person. The company holds £20,151 in assets and operates from a virtual address, with two directors and one owner.

The company specializes in the retail sale via mail order houses or via internet, and is a British contract furniture manufacturer. It focuses on challenging environments, healthcare, hospitality, care homes, and workplaces, offering bespoke furniture solutions. Knightsbridge Furniture prides itself on in-house design and development, and is an approved NHS furniture supplier. Their product range includes ward furniture, hotel furniture, and reception furniture, with space planning and project management services also available. The website highlights a journey of a chair, new products like sofas and armchairs, and recent news about designing study spaces and sensory rooms.

Financially, Knightsbridge Products Ltd is showing some concerning trends. While cash bank on hand increased by 9%, creditors have jumped significantly, both within and after one year. Net assets have plummeted by a staggering 2600%, and retained earnings accumulated losses are deeply negative. Although the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the substantial decline in equity suggests potential financial strain. The lack of an auditor mentioned likely means the accounts are unaudited, relying on director-reported data. The company’s revenue recognition policy states turnover is measured at the fair value of the consideration received, excluding discounts, rebates, and sales taxes.

Registered in England/Wales under the registration number 10951426, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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