Lorford's Antiques Limited

Lorford S Antiques Ltd from Tetbury, UK, is a small, active holding company established nineteen years ago. With twenty employees and £580,323 in assets, it operates from a real address and is overseen by one director and one owner. The company regularly imports art and antiques (four months) and exports them (148 months), showcasing a long-standing presence in the trade.

The company’s website, Lorfords Antiques, presents a treasure trove of decorative antiques, with a strong emphasis on high-quality items and expert restoration. The site is fully functional and encourages visitors to join their mailing list for exclusive offers and updates. It’s clear the business is geared towards a discerning clientele, with a focus on both online sales and showcasing items at events like the Battersea Decorative Fair. The website even features testimonials from renowned interior designers, highlighting the company’s reputation for excellence.

Financially, Lorford S Antiques Ltd’s report reveals some concerning trends. While turnover remains steady, net assets have decreased significantly, falling by 21% to £68,000. Bank borrowings have increased by 9%, reaching £210,000, and cash reserves have also declined, though by a smaller margin. Creditors, however, have risen dramatically, increasing by 120% to £120,000, which could indicate increased reliance on trade credit. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the increase in debt warrants attention. There’s no auditor mentioned, which is common for smaller companies, so the figures are unaudited.

The business seems to be operating in a competitive market, but its focus on high-quality antiques and established reputation could provide a buffer. The increase in debt, however, suggests a need to carefully manage expenses and potentially explore new revenue streams to ensure long-term financial health.

Registered in England/Wales under the registration number 05500386, with a registered address at GL8 8AQ, United Kingdom, Tetbury, Glos, 30 Long Street.

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