Ruggable Uk Ltd.

Ruggable Uk Ltd, based in London, is a small, active company founded three years ago in 2021. With £4,383,001 in assets and a virtual address, it employs eight people and is managed by four directors—though no owners are officially listed. The company regularly imports carpets and textile floor coverings (43 months), with the latest import in February 2025, but exports knitted or crocheted fabrics irregularly (just one month, October 2024).

The company’s website, Ruggable, focuses on washable rugs, accent rugs, and runners—a clear indication of its e-commerce focus. It positions itself as a provider of stylish, practical rugs that can be easily cleaned, catering to a modern, design-conscious consumer. The site is well-designed and features high-quality product photography, reinforcing a premium brand image.

Financially, Ruggable Uk Ltd presents a mixed picture. Current assets have significantly increased by 440,000%, reaching £4,400,000—a substantial jump. However, net assets are in the negative, sitting at -£1,400,000. Bank borrowings are also high at £1,200,000. Creditors have remained stable at £6,400,000. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the negative equity is a concern. The lack of an auditor mentioned suggests the company is exempt from an external audit.

Overall, Ruggable Uk Ltd appears to be a fast-growing e-commerce business with strong revenue generation, but it’s also burning through cash. The large increase in assets suggests a significant investment or increase in inventory, while the negative equity indicates that liabilities outweigh assets. It’s possible that the company is reinvesting heavily in growth, but the long-term sustainability of this strategy remains to be seen.

Registered in England/Wales under the registration number 13639267, with a registered address at EC4A 3TW, United Kingdom, London, 5 New Street Square.

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