Texstyle Home (uk) Ltd

Texstyle Home (uk) Ltd is a small, active company based in Oldbury, UK, founded six years ago in 2018. With £38,677 in assets and a real registered address, it’s a relatively modest operation managed by one director and owner. The company operates an e-commerce site specializing in home decor products, as evidenced by its website showcasing rugs, bedding, curtains, and other furnishings. The site’s design and product range suggest a focus on online retail, with a wide selection catering to various tastes and budgets.

The company’s website highlights a broad range of products, from rugs and carpets to bedding and curtains, all available for online purchase. The site emphasizes a diverse selection and competitive pricing, with sections dedicated to different styles and categories. It also features a blog with articles on home decor trends and tips, demonstrating a commitment to engaging with customers and establishing expertise in the field. While the company’s website showcases a wide range of products, it's unclear how much of the business is wholesale versus retail.

Financially, Texstyle Home (uk) Ltd presents a mixed picture. Cash reserves have decreased significantly, dropping 47% to £12,000, while bank borrowings have also declined by 19%, settling at £8,800. Current assets, however, have increased by 58%, reaching £39,000, and net assets have plummeted by a substantial 470%, ending at -£2,300—a concerning trend. Creditors have also seen a dramatic decrease, falling 100% to zero, which could indicate improved debt management, or perhaps a temporary lull in supplier payments. 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 flexibility, but the negative equity raises questions about long-term sustainability. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

Overall, Texstyle Home (uk) Ltd appears to be navigating a challenging financial landscape. While its e-commerce platform seems active and well-stocked, the declining equity and reduced cash reserves suggest a need for careful management and potentially, a re-evaluation of its business model.

Registered in England/Wales under the registration number 11553720, with a registered address at B69 4BY, England, Oldbury, Office 30, Pure Offices, Broadwell Road.

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