Stanmore Kitchens Ltd

Stanmore Kitchens Ltd from London UK: a small, active company founded ten years ago, employs eight people, and holds £336,015 in assets. It operates from a virtual address, is led by one director, and has no reported owners, despite a 5.0 Google rating based on 160 reviews. The company regularly imports furniture, lighting, and prefabricated buildings—twenty-five months worth, with the last import in March 2023.

The company’s website, Schmidt Fitted Furniture, showcases a design-led approach to home interiors, focusing on custom-built kitchens and living spaces. It's a comprehensive offering, from initial design consultations to installation, and even offers a 3D wardrobe configurator. The site highlights sustainability and partnerships, and features customer projects and design guidance—all aimed at inspiring potential clients. The business seems to operate primarily through its website, with showrooms listed across Great Britain.

Financially, Stanmore Kitchens Ltd’s recent performance presents a mixed picture. While current assets decreased slightly to £340,000, net assets experienced a more significant drop to £110,000—a decline of 26%. Bank borrowings increased by 10%, reaching £280,000, and cash reserves fell by 92% to just £320. Creditors also decreased by 23%, which could indicate better debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity.

The decrease in cash reserves and net assets is concerning, and the increase in bank borrowings suggests the company might be burning through money. However, the decrease in creditors and the company’s high Google rating indicate it's managing its obligations and maintaining customer satisfaction. The company’s future depends on its ability to generate more revenue and control its expenses—something it will need to address soon.

Registered in England/Wales under the registration number 09393154, with a registered address at NW8 0DL, United Kingdom, London, 55 Loudoun Road.

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