Kvadrat Limited

Kvadrat Limited, a large company based in London, UK, has been operating for 38 years, established in December 1986. With 59 employees and £6.3 million in assets, the company generated £30 million in revenue last year. While it maintains a registered address, it's flagged as a virtual address due to 106 companies sharing the same location—a bit unusual. The business is led by three directors, but there are no listed owners, which is a little strange. Google reviews give it a perfect 5.0 rating based on four reviews.

Kvadrat Limited specializes in the wholesale of textiles, with a strong focus on importing man-made filaments and related materials (162 months of import activity) and exporting silk and silk products (19 months). Its website showcases a diverse range of upholstery textiles, rugs, and outdoor furniture, often collaborating with renowned designers. A particularly interesting venture is its work with Miriam Bckstrm, transforming textile swatches into large-scale tapestries for museums. The company also seems to be actively pursuing sustainability, committing to being PFAS-free by January 01, 2024.

Financially, Kvadrat Limited shows a mixed picture. While cash reserves increased by a healthy 64% to £1.4 million, net assets only grew by 8%, suggesting that the growth is largely driven by increased cash holdings rather than overall business expansion. Bank borrowings have remained relatively stable, and trade debtors have increased by 21%, which could indicate a shift in payment terms or potentially delayed customer payments. Creditors have decreased by 53%, which is a positive sign of improved debt management. The company’s administrative expenses increased by 5%, and director remuneration rose by 19%, reflecting a growing operational scale. It’s worth noting that the company is exempt from having an auditor, so the financial statements are unaudited.

The company’s growth in cash reserves is encouraging, but the relatively modest increase in net assets suggests that it’s important to monitor its long-term financial health. The increase in trade debtors should be investigated to ensure it doesn't pose a future risk. Overall, Kvadrat Limited seems to be a well-established business with a strong brand and a focus on design and sustainability, but it's important to keep an eye on its financial trends.

Registered in England/Wales under the registration number 02084887, with a registered address at SW1H 0DB, United Kingdom, London, Suite 4, 7th Floor 50 Broadway.

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