Steyning Interiors Ltd

Steyning Interiors Ltd, based in Steyning, UK, is a small, active company founded just two years ago. Employing a single person and holding £60,884 in assets, it operates from a real address and is managed by two directors and owners. The company boasts a stellar 5.0 Google rating from nine reviews, and is an irregular importer of furniture, lighting, and prefabricated buildings, with two months of import activity recorded as of October 2023.

The company specializes in design activities, and its website, while currently unavailable, likely showcases its design services. It’s a small operation, meeting two of three criteria for being classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Steyning Interiors Ltd shows some interesting trends. While cash bank on hand increased slightly to £4,700, net current assets and liabilities swung dramatically from a negative £40,000 to a positive £3,900 – a significant turnaround. Trade creditors also decreased by 18%, suggesting improved debt management. However, the company's average number of employees increased by a whopping 300%, from one to four, which could indicate expanding operations or increased workload. Bank borrowings increased by 2400% to £29,000.

The company’s financial statements, while unaudited (likely due to its small size), show a substantial increase in equity, jumping from £5,800 to £43,000. This could be from retained earnings or increased investment. The company’s trade debtors also rose significantly, by 1800%, which may indicate a shift towards offering credit to customers.

It’s worth noting that the company’s tax expense increased by 380%, which could be due to higher profits or changes in tax regulations. The company’s overall financial picture appears to be improving, but it will be interesting to see if this trend continues in the coming years.

Registered in England/Wales under the registration number 14611945, with a registered address at BN44 3YE, England, Steyning, 37 High Street.

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