Panache Designs Limited

Panache Designs Ltd from London UK is a small, active company founded seven years ago in 2017. It employs six people and holds £205,324 in assets, operating from a virtual address. With two directors and one owner, the company regularly imports jewelry, precious stones, and metals (for 29 months), and exports them (for 9 months).

The company’s website reveals it’s a high-end interior design studio based in Mumbai, India, established in 2011. It’s a husband-and-wife operation, Komal and Nikhil, and has grown to become a leading interior design firm for residential, retail, and commercial projects. They boast over 30 years of combined experience and work with a prestigious client list including Manish Malhotra Studio, JSW, and Aditya Birla Group. Their services encompass design, project management, and styling, catering to a range of clients and projects.

Financially, Panache Designs Ltd’s report shows a mixed picture. While current assets increased by 23% to £210,000, net assets plummeted 150% to -£79,000 – a significant downturn. Bank borrowings decreased by 12% to £250,000, and cash reserves increased by 34% to £5,100. Creditors increased by 11% to £520,000, and trade debtors increased by 22% to £190,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the large equity loss suggests potential financial strain. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

It seems like the Mumbai-based design business is thriving, but the UK entity is facing some challenges. Perhaps the UK operation serves as a sales or management hub for the larger Indian business, and the financial pressures reflect investments or operational costs associated with that role.

Registered in England/Wales under the registration number 11078191, with a registered address at WC1N 2PH, United Kingdom, London, 1 Doughty Street.

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