Luxury Italian Living Ltd

Luxury Italian Living Ltd, based in Ashford, UK, is a small, family-run business with an active status. Founded eleven years ago in 2014, the company employs just two people and holds £456,683 in assets. It operates from a virtual address, registered with sixteen other companies, and is managed by two directors and owners, Spinazza Francoise and Spinazza Gianluca. The company is an irregular importer, specializing in furniture, lighting, and prefabricated buildings, with just one month of imports recorded as of October 2023.

The company’s website showcases a focus on cookies and data privacy, emphasizing user experience and performance analytics. It uses cookies for statistical purposes and assures users that data is anonymous. The site’s privacy overview details cookie usage for necessary functions, analytics, and performance tracking—a standard practice for e-commerce sites. There's a clear acceptance and manage consent button, and the site uses a GDPR cookie consent plugin.

Financially, Luxury Italian Living Ltd shows some concerning trends. While cash bank on hand increased significantly by 81% to £360,000, current assets decreased by 26% to £460,000. Trade debtors experienced a dramatic drop of 78%, falling to £91,000—a positive sign of improved collections, but it could also indicate reduced sales. Creditors also decreased by 31%, to £350,000. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the decline in equity and retained earnings—6.1%—suggests it’s burning through cash. The company’s accounts are unaudited, and no auditor is mentioned, which is common for small companies. Interim dividends paid increased significantly by 190%, reaching £60,000. It's a bit surprising to see such a large dividend payment given the other financial pressures.

Registered in England/Wales under the registration number 08905140, with a registered address at TN24 8JR, England, Ashford, 1st Floor 30 North Street.

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