Shagun Weddings Limited

Shagun Weddings Limited, based in Walthamstow, UK, is a small, active company founded nine years ago in 2015. With 20 employees and £805,730 in assets, it’s a well-established player in the wedding industry. The company boasts a stellar 5.0 Google rating from 105 reviews, reflecting its commitment to quality and customer satisfaction. It’s run by three directors and one owner, with Malkan Kiran at the helm. The company’s registered address is real, with only four companies registered at the same location.

Shagun Weddings specializes in creating bespoke Indian and Asian weddings, offering a wide range of services from mandap design and backdrop creation to reception décor and themed events. Its website showcases a portfolio of stunning wedding setups, highlighting its expertise in creating memorable experiences. The company’s services are clearly aimed at the high-end wedding market, with a focus on intricate details and personalized touches. The website is primarily a showcase of their work, with testimonials from satisfied clients dominating the content. There's no obvious e-commerce functionality; the site is designed to generate leads and showcase their capabilities.

Financially, Shagun Weddings Limited shows a mixed picture. While current assets have decreased by 22% to £810,000, net assets have increased by 3.2% to £210,000. Bank borrowings have decreased by 16% to £68,000, and cash reserves have fallen significantly by 62% to £100,000. Creditors have also decreased by 17% to £640,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the drop in cash reserves could indicate tighter margins. There’s no auditor mentioned, which is typical for a small company exempt from an audit.

The company’s reliance on imported furniture, lighting, and prefabricated buildings—totaling five months of imports with the last operation in June 2023—could be a vulnerability. The significant drop in cash reserves, while concerning, might simply reflect increased investment in inventory or marketing efforts to support its growing reputation. It seems that the company is doing well, but needs to watch its cashflow.

Registered in England/Wales under the registration number 09923958, with a registered address at E17 9BG, United Kingdom, Walthamstow, 309 Hoe Street.

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