Rug Couture Limited

Rug Couture Ltd, based in Oldbury, UK, is a small holding company with an active status, having been founded 19 years ago. The company employs seven people and holds £123,623 in assets. It has five directors and one owner, operates an e-commerce site, and boasts a stellar 5.0 Google rating from 19 reviews. The company is an irregular exporter of carpets and textile floor coverings, with two months of export activity recorded.

The company’s website, Rug Couture, is focused on custom rugs and carpets, offering a wide range of styles, including hand-tufted wool rugs, flatweave wool rugs, and shaggy rugs. Customers can design their own rugs, choosing from various shapes, sizes, and colors. The site also features designer rugs, bespoke services, and a project gallery showcasing completed projects. The website clearly positions itself as a provider of high-quality, customizable rugs for both residential and commercial clients.

Financially, Rug Couture Ltd’s recent report reveals some concerning trends. Cash reserves declined by 26% to £97,000, while current assets fell by 27% to £120,000. Bank borrowings increased significantly, rising by 1100% to £11,000. Debtor values have also decreased by 31%, which could be a sign of delayed payments. However, creditors decreased by 17%, which suggests better management of liabilities. As a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it’s likely exempt from an audit, so the figures are unaudited.

Overall, Rug Couture Ltd appears to be navigating a period of financial pressure. While its e-commerce business and high ratings suggest strong customer demand, the declining cash reserves and increased borrowings are cause for concern. The company’s ability to maintain its growth trajectory will depend on its ability to improve cash flow and manage its debts effectively.

Registered in England/Wales under the registration number 05728357, with a registered address at B69 4EX, Oldbury, West Midlands, Unit 1 Gregston Industrial Estate, Birmingham Road.

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