New Concept Interiors Limited

New Concept Interiors Ltd, based in Ilford, UK, is a small, active family business established 17 years ago. With £21,952 in assets and a virtual address shared by 21 other companies, it's a compact operation managed by three directors and two owners. The company boasts a respectable Google rating of 4.0 from 14 reviews and regularly imports furniture, lighting, and prefabricated buildings—a consistent 40-month import history ending in January 2025. They operate in the other business support service activities n.e.c. industries.

Their website, New Concept Furnishings, focuses on providing furnishing solutions for London property, catering to landlords, developers, letting agents, and homeowners. They offer predesigned and tailored furniture packages, window coverings, interior design services, and even design schemes for show apartments and commercial spaces. The site highlights their experience, strong relationships with property developers, and ability to curate diverse furnishing options. They also have a second venture called New Concept Design.

Financially, New Concept Interiors Ltd presents a mixed picture. Current assets have plummeted 87% to £22,000, while net assets have fallen dramatically—a 100% decrease to -£8. Bank borrowings have increased significantly, and cash reserves have shrunk by 76% to £22,000. Creditors have decreased, suggesting improved debt management. The company meets two of three criteria to be classified as a small company, and no auditor is mentioned, meaning the figures are unaudited.

While the business appears to be active and well-regarded in the London property market, the sharp decline in assets and cash reserves indicates potential financial strain. The company's small size and family ownership may offer agility, but addressing the equity drop will be crucial for long-term stability.

Registered in England/Wales under the registration number 06371203, with a registered address at IG2 6YE, England, Ilford, Essex, 11 Rosedene Gardens.

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