Rugs Direct Online Limited

Rugs Direct Online Ltd from Watlington UK: a small, active company founded eleven years ago, employs eight people, and holds £349,795 in assets. It’s a real address with one director and no owners reported, operating an e-commerce site with a stellar 5.0 Google rating from 448 reviews. The company regularly imports carpets and textile floor coverings (6 months of imports), and occasionally exports miscellaneous metal items (1 month of exports).

The company’s website, RugsDirect Online, showcases a wide selection of rugs, from modern to traditional, in various colours, sizes, and brands—including well-known names like Calvin Klein and Louis de Poortere. It’s a comprehensive online store catering to different room types and styles, with a focus on free next-day delivery for many of its bestsellers. The site also highlights a commitment to customer service, a low-price guarantee, and easy returns.

Financially, Rugs Direct Online Ltd presents a mixed picture. Current assets have increased by 17% to £350,000, while net assets have jumped a substantial 120% to £110,000. Bank overdrafts have decreased by 17% to £79,000, and cash reserves have risen by 46% to £100,000. Creditors have decreased by 5%, and trade creditors have fallen by a significant 53%. Despite these positive trends, the company's losses deepened, and the increase in bank borrowings suggests a need for additional funding. The company is small, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it’s exempt from an audit, relying on unaudited financial statements. The company’s growth in assets and cash reserves is encouraging, but the increased bank borrowings and losses warrant careful monitoring.

Registered in England/Wales under the registration number 08899731, with a registered address at OX49 5QZ, Watlington, Oxfordshire, 8 Love Lane.

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