Modern Rattan Ltd

Modern Rattan Ltd, based in Sutton Coldfield, UK, is a small, active company founded four years ago. With £50,480 in assets and a virtual address shared by many other businesses, it operates as a solo-founder venture with one director and owner. The company runs an e-commerce site and currently holds a 3.0 Google rating from just four reviews.

The website, Modern Rattan, is an online garden furniture shop, offering a wide range of products from pergolas and fire pits to dining sets and sofa collections. It emphasizes finance options, free delivery over £50, and a price match guarantee, aiming to attract customers looking for stylish outdoor furniture. The site also features a blog with articles on topics like fire pit safety and parasol fabrics, showcasing a focus on customer education and expertise.

Financially, Modern Rattan Ltd’s recent report shows a mixed picture. Current assets increased by a substantial 280% to £50,000, while net assets improved slightly to -£41,000. Bank borrowings increased to £3,200, and cash reserves rose significantly to £23,000—a positive sign. Creditors increased by 27%, and trade debtors also rose, suggesting a need to manage customer payments more closely. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the negative equity indicates a business still reliant on external funding. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Modern Rattan Ltd appears to be growing its sales, but it’s still working to achieve profitability. The online presence and range of products are promising, but the company needs to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 13270984, with a registered address at B75 5BY, United Kingdom, Sutton Coldfield, West Midlands, St James House, 65 Mere Green Road.

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