Rugstore Shop Ltd

Rugstore Shop Ltd, based in Luton, UK, is a small, active company founded four years ago. With two employees and £95,666 in assets, it operates as an e-commerce site and is an irregular importer of carpets and textile floor coverings, with the last import activity occurring two months ago. The company has one director and one owner, and its registered address is real, with only one other company registered there.

The business specializes in the retail sale of carpets, rugs, wall and floor coverings, offering a vast selection including Kilim rugs, Persian rugs, Turkish rugs, and various accessories. The website showcases an extensive collection, boasting over 8,000 carpets and kilims—a significant inventory. It even offers services like rug cleaning and repair, and has been operating for thirty-five years, demonstrating a long-standing presence in the market.

Financially, Rugstore Shop Ltd shows some concerning trends. While cash bank on hand decreased by 46% to £25,000, creditors also dropped by 41% to £47,000. Net assets, however, increased by 16% to £56,000, and net current assets and liabilities grew by 26%. A notable increase in debtors, rising from zero to £1,300, suggests a shift in payment terms or potentially delayed customer payments. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The absence of an auditor—likely due to its small size—means the figures are unaudited.

Despite the mixed financial signals, Rugstore Shop Ltd’s extensive inventory and long-standing presence indicate a commitment to the carpet and rug market. However, the decrease in cash reserves and increase in debtors warrant close monitoring in the coming months.

Registered in England/Wales under the registration number 12990933, with a registered address at LU1 1TR, England, Luton, Rugstore Shop Ltd, 1 Finway.

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