Loome Limited

Loome Ltd, based in Dunstable, UK, is a small, active company founded thirteen years ago in 2012. With two employees and £58,286 in assets, it operates from a virtual address shared by thirty other companies, a detail that raises a slight eyebrow. The business is run by a solo founder, with two directors overseeing operations. Loome Ltd regularly imports special woven and decorative fabrics (three months of activity) and exports man-made staple fibers (five months of activity), catering to the retail sale of textiles in specialised stores.

The company’s website showcases a wide range of fabrics, from period styles like Art Deco and Victorian to contemporary designs. It caters to both domestic and contract customers, offering fabrics for upholstery, curtains, and more. The site is well-organized, with detailed product descriptions and a helpful fabric selector tool. It’s clear Loome Ltd aims to be a one-stop shop for textile enthusiasts.

Financially, Loome Ltd presents a mixed picture. Cash bank on hand increased significantly, jumping 630% to £48,000—a positive sign. However, current assets declined by 8.6% to £58,000, and net assets increased by 13% to £54,000. Trade debtors dropped dramatically, falling 91% to £5,000, which could indicate better collection practices, or perhaps a reduction in sales. The company’s small size (meeting two of three criteria for being a small company) allows for flexibility, but the significant drop in trade debtors is something to keep an eye on. No auditor is mentioned, which is common for companies of this size. The increase in bank borrowings is also noticeable, rising by 810% to £48,000. It's a bit of a surprise, but probably not a cause for alarm.

Registered in England/Wales under the registration number 08043906, with a registered address at LU6 3HS, Dunstable, Beds, 3 Kensworth Gate, 200-204 High Street South.

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