Reid Williams Design Limited

Reid Williams Design Ltd from London UK is a small, active company founded 38 years ago. With three employees and £350,098 in assets, it operates from a real address and is managed by two directors and one owner. The company regularly imports furniture, lighting, and prefabricated buildings – its last import operation was three months ago.

The company’s website describes Reid Williams Design Ltd as operating exclusively through personal recommendation, fostering long-term client relationships. They specialize in thoughtfully curated, meticulously designed interiors for both residential and hospitality projects, emphasizing timeless quality, attention to detail, and functional flow. Their services include reimagining townhouses, curating country estates, and designing hospitality spaces, all with discretion and dedication.

Financially, Reid Williams Design Ltd presents a mixed picture. Current assets have decreased by 20% to £350,000, while net assets have fallen 23% to £330,000. Bank borrowings have increased by 100%, reaching £40,000, and cash reserves have dropped 31% to £270,000. Creditors have decreased by 10%, suggesting improved debt management. The company’s small size (meeting two of three conditions for being small) helps with agility, but the decline in equity is concerning. Depreciation has increased by 49%, and the number of employees reported has dropped to zero. The company's accounts are unaudited, and no auditor is mentioned, likely due to its small size.

Overall, Reid Williams Design Ltd seems to be facing some financial headwinds, although it maintains a strong reputation for design and client service. The drop in equity and the increase in bank borrowings suggest that the company is burning through money, and it will need to address these issues to ensure its long-term viability.

Registered in England/Wales under the registration number 02099348, with a registered address at SW6 4EA, London, 33 Whittingstall Road.

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