Smid Home Ltd

Smid Home Ltd from London UK: a small, active company founded 7 years ago, employs just one person, and holds £76,920 in assets. It’s a solo founder operation led by a single director and owner. The business regularly imports furniture, lighting, and prefabricated buildings – five months of import activity were recorded, with the last operation in May 2023. It operates in the specialised design activities industries.

The company’s website, SMIDhome, showcases a curated selection of homewares, furniture, and interior accessories. The site is well-designed, with clear navigation through menu items, and features a range of products from porcelain vessels to brass hardware, candles, and bed linens. It’s clearly an e-commerce business, aiming to sell stylish and unique items directly to consumers. There's a section for seasonal sales, and a login/sign-up area.

Financially, Smid Home Ltd presents a mixed picture. Current assets have increased by 49%, reaching £77,000, but bank borrowings have decreased by 29%, settling at £11,000. Cash reserves have seen a substantial boost, increasing by 50% to £34,000. However, creditors have dramatically risen by 100%, reaching £64,000 within a year. Trade debtors have also increased significantly, by 550%, to £35,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in creditors suggests a reliance on short-term financing. No auditor is mentioned, likely due to the company's small size and exemption from an audit.

Overall, Smid Home Ltd appears to be growing, but it’s burning through money. The increase in creditors and debtors indicates a need to manage cash flow more effectively. While the company’s niche product selection and well-designed website are promising, its long-term financial health will depend on its ability to control costs and maintain a healthy balance sheet.

Registered in England/Wales under the registration number 11106676, with a registered address at SE19 2TA, England, London, London, 93 Church Road.

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