Splendid Antiques Llp

Splendid Antiques LLP, based in London, UK, is a small, active family business established seven years ago. The company, with £322,171 in assets and a virtual address, operates an e-commerce site specializing in antique furniture. It has two directors and two owners, and is a regular exporter of furniture, lighting, and prefabricated buildings (62 months), while importing these same items irregularly (2 months).

The company’s website showcases a curated collection of specialist antique furniture, with a focus on mid-century pieces. They offer seating, tables, storage, and other items, alongside a blog and customer testimonials. Splendid Antiques prides itself on sourcing rare and unique pieces, emphasizing quality over quantity and providing a personal customer service experience. The site also highlights a decade of supplying furniture and a commitment to British craftsmanship.

Financially, Splendid Antiques LLP presents a mixed picture. Current assets have decreased by 20% to £320,000, while net current assets and liabilities have fallen by 50% to £160,000. Bank borrowings have increased significantly by 35% to £3,600, and cash bank on hand has plummeted 35% to £250,000. Trade debtors have surged by an astonishing 3,600% to £58,000, suggesting a possible reliance on customer payments. Creditors have also risen by 75% to £170,000. The company, meeting two of three conditions for being considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), is likely exempt from an audit, meaning the figures are unaudited.

While the business appears to be actively trading and maintaining a strong online presence, the sharp decline in cash reserves and the increase in debt raise concerns about its financial health. It’s possible that the company is reinvesting in inventory or expanding its operations, but careful management will be crucial to ensure long-term sustainability.

Registered in England/Wales under the registration number OC421077, with a registered address at NW9 8TZ, United Kingdom, London, Jubilee House, Townsend Lane.

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