Nicholas Walton Design Limited

Nicholas Walton Design Ltd, based in Wimborne, UK, is a small, active company founded seven years ago in 2017. With five employees and £63,077 in assets, it operates from a virtual address shared by seventy other companies, raising some questions. The company is run by one director and two owners, though it’s important to note that the list of owners may not be exhaustive. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import activity recorded over four years ago in November 2018.

The company’s website showcases its expertise in creating bespoke fine furniture. Founded on a passion for inventive design, Nicholas Walton Design emphasizes a small team of expert designers and craftsmen, offering a responsive and personal client service. The website highlights a portfolio of recent work, ranging from walnut credenzas to gothic armchairs, and even offers reproduction, alteration, or completely unique designs. The company operates from a design studio and workshop in the Dorset countryside, employing traditional techniques alongside modern processes.

Financially, Nicholas Walton Design Ltd presents a mixed picture. While current assets increased by 47% to £63,000, net assets declined significantly by 63%, falling to -£9,900. Bank borrowings decreased by 6.9%, but cash reserves plummeted 91%, leaving just £1,100. Creditors rose by 8.1%, and trade debtors increased dramatically by 130%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity drop suggests financial pressure. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Nicholas Walton Design Ltd appears to be navigating a challenging financial landscape. While its bespoke furniture business seems to be thriving, the company’s bottom line is showing strain. Whether it can maintain its current trajectory remains to be seen.

Registered in England/Wales under the registration number 10927018, with a registered address at BH21 1LT, England, Wimborne, 33 West Borough.

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