Speed With Design Limited

Speed With Design Limited, based in Telford, UK, is a small, active company founded ten years ago in 2014. Despite its longevity, the business is currently facing some financial challenges, with both accounts and confirmation statements overdue for the past three years. The company holds £52,919 in assets and operates from a virtual address shared by 49 other companies, managed by a single director and owner. It runs an e-commerce site specializing in stylish clothing for sighthound breeds like Whippets, Greyhounds, and Italian Greyhounds.

The company’s website, Sighthound Mum, showcases a wide range of handmade, practical, and luxury fashion items for sighthounds. It offers everything from raincoats and jumpers to collars and leads, with a focus on quality materials and tailor-fit designs. The site even has a "bundle builder" feature, allowing customers to create custom outfits and receive a 15% discount. Vendor Speedray is prominently featured, highlighting the craftsmanship and attention to detail that goes into each product. The site also includes customer reviews and social media links, fostering a sense of community among sighthound owners.

Financially, Speed With Design Limited’s report paints a mixed picture. While cash bank on hand decreased by a significant 89%, dropping to just £270, current assets have increased by 18%, reaching £53,000. Bank borrowings have increased, reaching £290, and creditors have decreased by 6.8%. The company’s net assets have increased by 130%, reaching £14,000. Debtors have decreased by 37%, suggesting improved collection of payments. The company meets the criteria to be considered small, with turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned is likely due to its status as a small company, meaning the financial statements are unaudited.

The increase in net assets is a positive sign, but the decrease in cash reserves and increase in bank borrowings suggest the company may be relying on external funding to support its operations. The virtual address and the large number of companies registered at the same location raise questions about the company’s administrative overhead and potential for shared resources. Overall, Speed With Design Limited appears to be a niche e-commerce business with a loyal customer base, but it’s important to monitor its financial performance closely in the coming years.

Registered in England/Wales under the registration number 09236866, with a registered address at TF7 4NA, England, Telford, Shropshire, Coppice House, Halesfield 7.

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