Luxury Chandelier Ltd

Luxury Chandelier Ltd is a small, active company based in Bury St. Edmunds, UK, founded four years ago in 2020. It’s a solo-founded operation with one director and owner, Niedzwiecka Paulina Malgorzata, and operates from a virtual address where 120 other companies are registered. The company’s status is active, and it's subject to confirmation being overdue by five months. The business primarily operates in the retail sale via mail order houses or via internet industries.

The company is a regular importer, with its top import category being Furniture, Lighting, and Prefabricated Buildings, totaling six months of imports. The last import operation was conducted on January 01, 2023. It’s also an irregular exporter, with its top export categories including Furniture, Lighting, and Prefabricated Buildings, totaling one month of exports. The last export operation took place on June 01, 2022.

While the company’s website isn’t available, the financial data paints a concerning picture. Current assets have vanished, dropping 100% to zero, and net assets are at a negative -£64,000. Bank borrowings have also decreased by 100%, leaving the company with zero. Trade creditors have increased by 37%, suggesting a reliance on credit from suppliers. Despite this, debtors have completely disappeared. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the accounts are unaudited.

The sudden drop in assets and complete disappearance of debtors are particularly worrying. It's possible this is a temporary fluctuation, but it suggests the company is struggling to convert sales into cash. The increase in trade creditors indicates a reliance on credit, which could become unsustainable if sales don's pick up.

Registered in England/Wales under the registration number 12943302, with a registered address at IP28 7DE, England, Bury St. Edmunds, 82 James Carter Road, Mildenhall.

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