Richard Designs Limited

Richard Designs Ltd, based in Ely, UK, is a small, active company established eighteen years ago. With seventy employees and £1,898,221 in assets, it’s a well-established player in the clothing and accessories market. The company, owned by Dicks Elaine Vanessa, has five directors overseeing operations and a real address. It regularly imports and exports clothing and accessories—excluding knitted or crocheted items—with nineteen months of import activity and seventeen months of export activity recorded.

The company's website showcases a wide range of wedding dresses, veils, bridesmaids’ dresses, and accessories. It operates both an online store and a physical showroom, offering a complete bridal experience. The site highlights its commitment to British craftsmanship, with many items made in England. It also features a dedicated section for flower girls and a blog with styling tips and inspiration. The website’s design is clean and modern, with high-quality product photography and easy navigation.

Financially, Richard Designs Ltd presents a mixed picture. Current assets decreased by 16%, dropping to £1,900,000, while net assets remained stable at £2,600,000. Bank borrowings increased slightly by 6%, reaching £58,000, and cash reserves rose 18%, reaching £300,000. Creditors decreased by 21%, suggesting improved debt management. The company meets two of the three criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and employees under fifty. The lack of an auditor mentioned likely means the accounts are unaudited, relying on director-reported data.

Overall, Richard Designs Ltd appears to be a stable, if somewhat lean, operation. The company's focus on wedding attire and accessories, combined with its online presence and showroom, positions it well in a competitive market. The slight decrease in current assets and increase in bank borrowings are worth monitoring, but the company's strong cash position and focus on British craftsmanship suggest a resilient business model.

Registered in England/Wales under the registration number 06179288, with a registered address at CB6 3NX, England, Ely, Cambridgeshire, Unit 115 Lancaster Way Business Park.

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