Spaces By Design Limited

Spaces By Design Limited, based in Stamford, UK, is a small, family-run business with an active status. Founded four years ago in 2020, it employs just two people and holds £204,412 in assets. The company has a real address and is managed by two directors and two owners. It boasts a stellar 5.0 Google rating from 21 reviews, reflecting its reputation for quality service. Spaces By Design is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with the latest import activity occurring in September 2024.

The company operates as a Stamford home design studio, offering services ranging from kitchen renovations to bedroom and bathroom design. Its website highlights a personalized design experience, utilizing 4D virtual reality technology to allow clients to visualize their new spaces. The studio also acts as a supplier of Ca Pietra wall and floor tiles, catering to both new installations and renovations. The website is very detailed and offers a lot of information.

Financially, Spaces By Design Limited shows a mixed picture. Current assets decreased by 7.4% to £200,000, while net assets declined by a more significant 41% to just £9,700. Bank borrowings are not mentioned, but creditors increased substantially by 130% to £82,000, suggesting a reliance on external financing. Trade debtors decreased by 66%, which is good. 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 drop in equity warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Spaces By Design Limited appears to be a well-regarded design studio facing some financial headwinds. The company's focus on personalized service and high-quality products suggests a strong foundation, but managing its debts and maintaining profitability will be key to its long-term success.

Registered in England/Wales under the registration number 12685287, with a registered address at PE9 2PF, England, Stamford, Lincolnshire, 22 St. Peters Street.

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