Sketchtwenty3 Limited

Sketchtwenty3 Ltd from Stockport UK: a small, active company founded twelve years ago, employs five people, and holds £737,899 in assets. It’s a real address with one director and one owner. The company regularly imports textile products, sets, used clothing, and rags (for eleven months), and exports paper and paperboard products (for forty-nine months).

The company operates as a luxury wallcovering brand, located in the North West of England. Established in 2011, Sketchtwenty3 sells its products through select retailers and interior designers, and boasts a stunning array of high-end, contemporary wallpapers. It’s a distributor for Muance, offering a range of mural collections. The website highlights collections, design styles, and colours, and even offers tips and FAQs for wallpaper hanging.

Financially, Sketchtwenty3 Ltd shows some interesting trends. Current assets have decreased by 26%, dropping to £740,000, while net assets remain stable at £410,000. Bank borrowings have reduced by 22%, now at £160,000, and cash reserves have fallen by 51%, now at £31,000. Creditors have significantly dropped by 38%, to £260,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The increase in accumulated amortisation and depreciation for intangible assets and property plant equipment may indicate investment in the business, but the decrease in cash reserves could be a cause for concern. As a small company, it’s likely exempt from an audit, so the financial statements are unaudited.

Overall, Sketchtwenty3 Ltd seems to be navigating a period of change. While it maintains a strong brand and a focus on luxury wallcoverings, the financial data suggests a need to carefully manage cash flow and potentially explore new revenue streams.

Registered in England/Wales under the registration number 08104840, with a registered address at SK6 2BP, Stockport, Cheshire, Unit E8 4th Floor Pear Ind Est Stockport Road West, Lower Bredbury.

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