Oriental Rug Shop Limited

Oriental Rug Shop Ltd from Sheffield UK: a small, family business, is active and has been trading for fifteen years. With three employees and £392,318 in assets, it’s a modest operation run by three directors and two owners. The company regularly imports carpets and textile floor coverings, with its last import activity occurring just three months ago.

The company’s website, orientalrugshop.co.uk, showcases a vast collection of handmade rugs and carpets from around the world, including Persia, Turkey, Afghanistan, India, Pakistan, China, and Nepal. It’s been in the rug trade for over 130 years, with the current fourth-generation owner, Mr. Hezaveh, travelling extensively to source unique pieces. The company even offers a unique service: bringing rugs to customers’ homes for selection. It’s a business steeped in tradition, emphasizing personal service and expert advice.

Financially, Oriental Rug Shop Ltd shows a mixed picture. Current assets increased by 17%, reaching £390,000, while net assets also grew by 16%, standing at £350,000. Bank borrowings, however, increased by a significant 83%, reaching £68,000, and trade debtors decreased by 36%, suggesting a need to improve payment collection. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the increase in borrowings could indicate investment or operational expenses. The lack of an auditor mentioned is common for small companies. Overall, Oriental Rug Shop Ltd appears to be a stable, family-run business with a long history and a passion for quality rugs, though it’s important to keep an eye on its debt levels.

Registered in England/Wales under the registration number 07240745, with a registered address at S7 2BG, Sheffield, 763 Abbeydale Road.

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