Source Developments (scotland) Ltd

Source Developments (scotland) Ltd, based in Edinburgh, UK, is a small, active company founded fourteen years ago in 2010. With six employees and £2,981,389 in assets, it operates from a virtual address – twenty-six other companies share the same location, which is a little odd. Two directors and two owners manage the business, with Jones Benjamin Peter Ross and Woods Liam Stephen holding key positions. The company is a regular importer, specializing in furniture, lighting, and prefabricated buildings, with 294 months of import activity recorded.

The company’s website showcases a focus on bespoke furniture packages, describing itself as "inspiring, creative, and collaborative." Source Developments acts as a dealer, providing tailored FFE (furniture, fixtures, and equipment) packages for workplace, hospitality, and accommodation projects. They partner with various stakeholders – landlords, end users, contractors, designers, and architects – to create unique spaces, managing the entire procurement process from specification to installation and aftercare. The website also lists two physical locations: one in Edinburgh and another in London.

Financially, Source Developments shows a mixed picture. Current assets have decreased by 24%, dropping to £3,000,000, while net assets have increased by 5%, reaching £2,600,000. Bank borrowings have risen significantly, by 2,400%, reaching £29,000, and cash reserves have fallen by 20% to £2,900,000. Creditors have decreased by 70%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increase in bank borrowings and decrease in cash reserves could be a concern. The company is exempt from an audit, so the financial information is unaudited.

Registered in Scotland under the registration number SC384540, with a registered address at EH2 4HQ, Scotland, Edinburgh, 41 Charlotte Square.

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