Lordship Lane Carpets Limited

Lordship Lane Carpets Ltd from East Malling UK: a small, active company founded 22 years ago, employs 11 people, and holds £298,276 in assets. It operates from a virtual address, is managed by four directors and a single owner (the solo founder), and irregularly imports clocks, watches, and their parts—just one month of imports recorded as of November 2024.

The company’s core business, as highlighted on its website, is flooring and carpeting services in London. Established in 1990, Lordship Flooring LTD offers a range of services, from free measuring and colour matching to installation and delivery. They cater to both domestic and contract clients, including schools and hospitals, and boast a reputation for excellent prices and top-quality work. The website emphasizes a friendly, professional team and a commitment to customer satisfaction, offering a price match guarantee and even furniture removal and replacement as part of their service. They also offer a variety of flooring options, including carpets, laminated, and vinyl flooring.

Financially, Lordship Lane Carpets Ltd presents a mixed picture. Accumulated depreciation on plant and machinery increased by 1.7% to £97,000, while vehicles saw a more substantial rise of 6.3% to £58,000. Bank borrowings decreased significantly by 55% to £4,400, and bank overdrafts fell by 46% to £5,300, suggesting improved cash flow management. Cash reserves, however, increased by 7.4% to £220,000. Creditors decreased by 55% to £4,400, and trade debtors dropped by 35% to £46,000. Equity, however, saw a dramatic increase of 340% to £12,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the significant rise in equity raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Lordship Lane Carpets Ltd appears to be holding its own, with improvements in cash flow and debt management. The company’s long-standing presence and positive customer reviews suggest a solid foundation, but the financial data warrants careful monitoring to ensure long-term stability.

Registered in England/Wales under the registration number 04723360, with a registered address at ME19 6DZ, United Kingdom, East Malling, Kent, C/O Precision Accountancy Llp Suite 48/49 Bradbourne House, New Road.

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