Source Developments (scotland) Ltd
- Active
- Small
- 15 years
- 7 employees
- £3,222,388 (cur assets)
- 1m-15m
- Regular importer
- Regular exporter
- Virtual address
- 2 directors
- 2 owners
- Edinburgh
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Social media
Summary
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.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Owners & PSC
-
Individual
- 9 years
- 1
- 25%+
-
Resident of United Kingdom
-
Individual
- 9 years
- 1
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 15 years
- 1
-
Resident of United Kingdom
-
Individual
- 15 years
- 1
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted five months ago.
Last news
-
Confirmation statement made on 2025-08-31 with no updatesDownload 3 pages pdf report
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ResolutionsDownload 2 pages pdf report
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Memorandum and Articles of AssociationDownload 15 pages pdf report
Importer profile by HS codes
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Import HS codes in detail
Last imported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Exporter profile by HS codes
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Export HS codes in detail
Last exported products
Click on items to see detailed UK statistics on HS code, including companies list.
* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
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