Queen Street Carpets (1973) Limited

Queen Street Carpets 1973 Ltd from Exeter UK is a small, active company founded 52 years ago in May 5, 1973. It employs 12 people and holds £949,057 in assets. The business operates from a real address and is led by three directors and two owners. It’s a family business with an e-commerce site and a stellar Google rating of 5.0 based on 38 reviews. The company regularly imports furniture, lighting, and prefabricated buildings—a total of 63 months of import activity.

The company’s website, queenstreetcarpets.co.uk, showcases a wide range of flooring, sofas, chairs, and bedroom furniture. It offers various brands, including Alstons, ROM, Sherborne Upholstery, and Harrison Spinks. The site provides a free flooring and furniture measuring service and emphasizes its expertise as carpet flooring specialists. There’s a dedicated section for clearance items and a blog with helpful articles. The website’s design is clean and user-friendly, with clear navigation and high-quality product images.

Financially, Queen Street Carpets Ltd presents a mixed picture. Creditors decreased by 18%, suggesting improved debt management, but bank borrowings increased by 2400%, reaching £29,000. Cash reserves fell by 30% to £28,000. Net assets plummeted 73% to just £16,000. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms. 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 agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s significant increase in bank borrowings and decrease in cash reserves, coupled with the rise in trade debtors, suggests it may be facing cash flow challenges. However, the decrease in creditors indicates some success in managing its short-term liabilities. The business seems to be holding steady, but the financial pressures are noticeable.

Registered in England/Wales under the registration number 01113958, with a registered address at EX2 8SW, Exeter, Church Road, Alphington.

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