Lacaze Furniture Ltd

Lacaze Furniture Ltd, based in London, UK, is a small, active company founded three years ago. With 17 employees and £175,102 in assets, it operates from a virtual address shared by many other businesses, a fact that raises some questions. The company is led by a single director and owner, Chatun Rukayya, and focuses on manufacturing other furniture. It's an irregular importer, bringing in man-made staple fibers for just one month, with its last import operation occurring in September 2022.

The company’s website, Lacaze London, showcases a luxury bespoke furniture business. It’s clear they’re focused on high-end pieces, with sections dedicated to bespoke designs, a portfolio of completed projects, and a blog. The website suggests a focus on design and craftsmanship, aiming to attract discerning clients. It's likely they operate primarily through their website and possibly through partnerships with interior designers, rather than a traditional retail storefront.

Financially, Lacaze Furniture Ltd presents a mixed picture. While current assets increased by 85% to £180,000, equity took a significant hit, dropping 520% to just £8,400. Cash bank on hand plummeted 89% to a meager £1,900, a worrying trend. Creditors increased by 74% to £200,000, and trade debtors rose by 230%, suggesting potential issues with collecting payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp decline in equity and cash reserves is concerning. The company's property, plant, and equipment has seen some growth, with plant machinery increasing by 340%, but depreciation has also increased, which could be a sign of increased activity. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Lacaze Furniture Ltd seems to be facing some financial headwinds. While the website suggests a focus on luxury and bespoke design, the financials indicate a company potentially burning through money. The increase in debt and decrease in cash reserves could be a sign of a startup struggling to achieve profitability, or it could simply be a temporary blip.

Registered in England/Wales under the registration number 13641230, with a registered address at EC1V 2NX, England, London, 124 City Road.

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