The Lacquer Company Ltd

The Lacquer Company Ltd, based in London, UK, is a small, active company founded seven years ago in 2017. With four employees and £694,167 in assets, it operates as a solo-founded business with one director and owner. The company runs an e-commerce site and regularly imports and exports furniture, lighting, and prefabricated buildings – 18 months of imports and 14 months of exports recorded, with the latest activity in February 2025.

The company’s website showcases a curated collection of handcrafted lacquer furniture and accessories, sourced from Vietnam and featuring renowned designers like Rita Konig and Miles Redd. It's clear that The Lacquer Company is focused on a high-end market, emphasizing unique, museum-quality pieces and a commitment to the Son Mai lacquer technique. The site's design and product presentation suggest a strong brand identity and a focus on visual appeal.

Financially, The Lacquer Company Ltd presents a mixed picture. While current assets have increased by 40%, net assets have decreased by 30% to £170,000, indicating a potential reliance on debt financing. Bank borrowings have surged by 160%, reaching £27,000, and cash reserves have fallen by 87%, sitting at just £3,900. Creditors have increased significantly, rising by 490% to £540,000, which could be a result of increased purchasing to support import activities. 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. As a small company, it’s exempt from an audit, so the figures are unaudited.

The sharp increase in debt and decrease in cash reserves suggests that The Lacquer Company may be burning through money. However, the growth in assets and the continued import/export activity indicate that the business is still active and potentially profitable. It's possible that the company is investing in inventory or expanding its operations, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 10995448, with a registered address at SW1W 8NE, United Kingdom, London, London, 6 Newson’S Yard, 57 Pimlico Road.

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