Really Good Designs Ltd

Really Good Designs Ltd is a small, holding company based in Waterlooville, UK, with an active status. Founded fourteen years ago in July 2010, the company employs just two people and holds £513,078 in assets. It operates from a virtual address, registered at 24 Picton House, Hussar Court, which is shared by eighty-two other companies, raising some questions. The company is led by two directors and has one owner, though the list of owners was changed a year ago. It’s an irregular importer, with its top import category being Paper and Paperboard Products, totaling 2 months of imports, the last operation conducted on March 01, 2024. The company operates in the other publishing activities industries.

The company’s website, ReallyGoodDesigns.com, is a hub for creative professionals, offering freebies, inspiration, and design resources. It’s essentially a content marketing platform, with sections dedicated to website examples, free design resources, and design guides. The site features articles and tutorials on topics like website design, typography, logo design, and project management. It’s not an e-commerce site, but rather a resource for designers looking for inspiration and free assets. The site's primary function seems to be attracting visitors and building an audience, likely to generate leads or advertising revenue.

Financially, Really Good Designs Ltd presents a mixed picture. While current assets decreased by 5.9% to £510,000, bank borrowings surged by 2,400%, reaching £29,000. Cash reserves fell 19% to £400,000. Creditors decreased by 18%, suggesting better debt management. 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 stay agile, but the sharp increase in bank borrowings raises some concerns. The average number of employees during the period increased by 50% to three. With no auditor mentioned, the figures rely on unaudited statements.

The company’s recent increase in bank borrowings, coupled with a decrease in cash reserves, suggests it may be burning through money. The increase in the number of employees, however, indicates potential growth. It’s difficult to say definitively whether the company is financially healthy or struggling, but the trends suggest it needs to carefully manage its expenses and focus on generating revenue.

Registered in England/Wales under the registration number 07323769, with a registered address at PO7 7SQ, Waterlooville, Hampshire, 24 Picton House, Hussar Court.

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