The Blinds Outlet Ltd

The Blinds Outlet Ltd, based in Corby, UK, is a small, active company founded six years ago in 2018. With a single employee and £168,100 in assets, it operates from a real address and is led by one director and owner – a solo founder. The company has a Google rating of 2.0 based on 27 reviews. It's an irregular importer, primarily dealing in various textile products, sets, used clothing, and rags, with recent import activity recorded two months ago. The company operates in the manufacture of soft furnishings industries.

The company’s website, Blinds Outlet, is currently under construction, displaying a simple message: "Pardon our dust! We're working on something amazing check back soon!" It offers blinds with up to 70% off and includes links to its LinkedIn, Instagram, and Facebook pages. The site’s minimalist design suggests a focus on online sales and a temporary pause in operations.

Financially, The Blinds Outlet Ltd presents a mixed picture. While current assets rose by 68% to £170,000, net assets plummeted 46% to -£62,000. Bank borrowings increased significantly, with an overdraft rising by a whopping 1000% to £69,000, while cash reserves fell 75% to just £7,700. Creditors also saw a substantial increase, rising 86% to £200,000, while trade debtors decreased by 100% to zero. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the figures are unaudited. There’s also a large increase in other debtors, rising to £130,000.

These numbers suggest the company is burning through cash, potentially struggling to manage its debts. The significant increase in creditors, combined with the decrease in cash reserves, points to a need for careful financial management. It's possible the company is investing heavily in new stock or marketing efforts, but the trend is concerning.

Registered in England/Wales under the registration number 11700402, with a registered address at NN17 4SW, England, Corby, Northants, 2 Fleming Road, Earlstrees Industrial Estate.

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