Nemetnejad Brothers Ltd

Nemetnejad Brothers Ltd from London UK: a small, active company founded 13 years ago, employs six people, and holds £636,040 in assets. Operating from a virtual address and managed by two directors and owners, it’s a family business with a stellar 5.0 Google rating based on one review. The company regularly imports carpets and textile floor coverings, with 41 months of import activity recorded.

The company’s website showcases a long-established business specializing in handmade rugs from Afghanistan, Pakistan, Persia, India, and China. They offer a wide selection, from traditional to ethnic to modern designs, and provide in-house cleaning and repair services. They also pride themselves on blending Eastern craftsmanship with Western quality and design standards, and even offer bespoke rug commissions. The website’s presence, with its detailed descriptions of rug origins and restoration processes, suggests a focus on heritage and expertise.

Financially, Nemetnejad Brothers Ltd shows some interesting trends. While current assets increased by 26% to £640,000, net assets decreased by 3.8% to -£5,600. Bank borrowings decreased by 26% to £23,000, and cash reserves increased by a substantial 93% to £80,000. Creditors decreased by 24%, and trade debtors fell by 36%. The company’s size—meeting two of three conditions for a small company—allows for flexibility, but the slight equity decline warrants attention. With no auditor mentioned, the financial data is unaudited.

The company's increased inventory by 110%, suggesting a possible buildup of stock, which could be a strategic move to meet demand or a sign of slowing sales. The decrease in trade debtors is a positive sign of improved cash flow management. Overall, Nemetnejad Brothers Ltd appears to be navigating a dynamic market, balancing heritage with innovation, and managing its finances with a focus on growth—although a closer look at its profitability would be needed to fully assess its long-term health.

Registered in England/Wales under the registration number 07714659, with a registered address at W4 4PU, London, 277-279 Chiswick High Road.

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