Melissa Wyndham Limited

Melissa Wyndham Ltd, based in Ilford, UK, is a small, active company with a 39-year history, founded in 1985. With just two employees and £85,279 in assets, it operates from a virtual address shared by 58 other companies, a bit unusual. The company is led by two directors and owned by a solo founder, Vanessa Macdonald.

The business specializes in interior design, as evidenced by its website, which features a range of services and products. It’s an irregular importer of furniture, lighting, and prefabricated buildings, with just two months of import activity recorded, the last in 2019. However, it’s a regular exporter of the same goods, boasting 21 months of export activity, the most recent in July 2023. The website also highlights a focus on high-end design and even mentions a showroom in Harrods, London.

Financially, Melissa Wyndham Ltd has experienced a significant downturn. Current assets have plummeted 72%, dropping to £85,000, while net assets have fallen a staggering 89%, leaving just £20,000. Bank borrowings have increased by 470%, reaching £33,000, and cash reserves have shrunk 68%, leaving only £30,000. Trade debtors have also decreased significantly, by 73%, suggesting challenges in collecting payments. Despite these challenges, creditors have decreased by 31%, indicating improved debt management. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it's exempt from an audit, so the financial data is unaudited.

The sharp decline in equity raises concerns, but the company's focus on high-end design and its established export activity suggest it may be weathering the storm. Whether it can sustain this level of activity remains to be seen, but it’s clear that Melissa Wyndham Ltd is facing a period of financial pressure.

Registered in England/Wales under the registration number 01962152, with a registered address at IG2 7AD, England, Ilford, Essex, 106 Charter Avenue.

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