North Sea Design Ltd

North Sea Design Ltd from London UK: a small company with an active status, founded five years ago, employs seven people, and holds £192,030 in assets. It's a real address with two directors and one owner, a solo founder, operating an e-commerce site. The company operates in non-specialised wholesale trade, retail sale via mail order houses or via internet, unlicensed restaurants and cafes, and other retail sale in non-specialised stores.

The company’s website, North Sea Design, is a Scandinavian design store, selling furniture, lighting, and accessories. It’s open Thursday, Friday, and Saturday, and operates in Euros, British Pounds, US Dollars, Chinese Yuan, Japanese Yen, and Danish Krone. The site is clearly geared towards a design-conscious audience, showcasing a curated selection of brands like Audo Copenhagen, Carl Hansen & Son, and Louis Poulsen. It also offers vintage items and has a showroom in Vorden, Gelderland, in the Netherlands. The site’s focus is on providing a unique shopping experience, with a mix of new and vintage items, and a strong emphasis on Scandinavian design.

Financially, North Sea Design Ltd presents a mixed picture. Accumulated depreciation on plant and machinery increased by 32%, while vehicles saw a 92% rise. Bank borrowings decreased slightly by 5.3%, but cash on hand grew by a healthy 19%. Creditors decreased by 19%, which is good, but trade debtors jumped significantly—a 4200% increase—suggesting a possible issue with customer payments. Equity, however, saw a massive 1800% increase, which is a positive sign. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the large increase in trade debtors warrants closer attention. The accounts are unaudited, likely due to the company's small size, so the figures rely on director-reported data.

Overall, North Sea Design Ltd appears to be a growing e-commerce business with a strong brand identity. While the increase in trade debtors is a concern, the company’s financial position seems stable, and its focus on Scandinavian design positions it well in a competitive market.

Registered in England/Wales under the registration number 12104858, with a registered address at N4 1HA, England, London, Ground Floor 435 Green Lanes.

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