Richmond Designs Limited

Richmond Designs Limited, based in London, UK, is a small holding company with an active status, established 34 years ago. The company employs 28 people and holds £6,729,222 in assets. It operates from a virtual address, managed by three directors and a single owner. While it’s an irregular importer, with no import activity recorded for the last two months, Richmond Designs is a regular exporter of furniture, lighting, and prefabricated buildings, with the last export operation taking place in September 2023.

The company’s website, Richmond Interiors, functions as a B2B webshop for furniture and home accessories, catering to dealers. It showcases a wide range of products, from sofas and chairs to lighting and wall art, with a focus on contemporary designs and a "hotel chic" aesthetic. The site highlights new collections, offers a catalog download, and provides inspiration through a blogazine and lookbook. Richmond Interiors also operates an Experience Center in Heerhugowaard, Netherlands, allowing customers to view products in person. The website emphasizes a focus on luxury and design, with frequent mentions of new arrivals and curated collections.

Financially, Richmond Designs Limited presents a mixed picture. While cash reserves increased by a substantial 160%, reaching £350,000, net assets have significantly declined, plummeting 300% to -£620,000. Creditors have also risen considerably, increasing by 540% to £7,300,000, while bank borrowings have increased to £36. Trade debtors have decreased by 1.7%, suggesting improved collection efforts. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the negative equity is a cause for concern. Despite the losses, the company received loan financing from its parent group, which is repayable on demand. The company’s accounts are unaudited, reflecting its status as a small company. The auditor’s report mentions material uncertainties related to going concern, stemming from losses and dependence on confirmed and anticipated projects.

Registered in England/Wales under the registration number 02530017, with a registered address at WC2B 5AH, London, 16 Great Queen Street, Covent Garden.

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