Space 8 Design Ltd

Space 8 Design Ltd, based in the City of London, is a small, active company established five years ago. With a single employee and £252,122 in assets, it's a solo-founded venture led by two directors and an owner, Teng Yue. The company imports furniture, lighting, and prefabricated buildings irregularly, with the most recent activity recorded just two months ago. It operates in the other service activities n.e.c. industries.

The company's website showcases a London-based interior design firm specializing in creating balanced and wellness-focused spaces. Founder Sarah Teng emphasizes the importance of detail and quality craftsmanship, incorporating antiques and bespoke items into her designs. The website highlights various projects, from apartments and libraries to coffee shops and luxury hotels, demonstrating a diverse portfolio and a global influence. It's clear the company aims to provide a highly customized design service, catering to clients seeking a unique and inspiring living or working environment.

Financially, Space 8 Design Ltd presents a mixed picture. While cash bank on hand increased significantly by 470% to £6,500, other areas show concerning trends. Net assets decreased by 70% to -£420, and trade debtors have skyrocketed by 7700%, reaching £87,000—suggesting potential issues with customer payments. Creditors also increased substantially, rising by 320% to £260,000. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the significant decline in equity and the surge in debtors are worth noting. There is no mention of an auditor, likely due to its small size and exemption from an audit.

Overall, Space 8 Design Ltd seems to be navigating a period of rapid growth, but the increasing debts and declining equity suggest a need for careful financial management. It's a company with a clear vision and a strong portfolio, but its financial health will be a key factor in its long-term success.

Registered in England/Wales under the registration number 12484132, with a registered address at EC3R 8EE, United Kingdom, City Of London, 15 St Mary At Hill.

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