The Rustic Summerhouse Company Limited

The Rustic Summerhouse Company Ltd, based in Lancing, UK, is a small, active company established sixteen years ago in 2008. With a single employee and £190,141 in assets, it operates from a virtual address shared by sixty-six other companies, suggesting a potentially cost-effective setup. The company is led by one director and owner, Dregviene Rasa, and runs an e-commerce site specializing in garden furniture and summerhouses. It regularly imports furniture, lighting, and prefabricated buildings, with the latest import operation occurring in November 2023.

The company’s website, mailtherusticcompany.com, showcases a wide range of products, including summerhouses, garden furniture, dining tables, and benches. The site emphasizes handcrafted, solid oak designs and offers customization options like shutters, windows, and fences. It's clear that the business is focused on high-quality, bespoke garden solutions, with a strong emphasis on showcasing its products through detailed descriptions and high-quality images. The site even offers a "Gift from The Rustic Company" promotion, highlighting its products as memorable and lasting presents.

Financially, The Rustic Summerhouse Company Ltd is showing some concerning trends. Accumulated depreciation has doubled, indicating increased wear and tear on its assets, while advances to the director have decreased. Cash reserves have plummeted by a significant 94%, leaving just £2100, and bank borrowings have fallen by 14%. Creditors have also decreased, but the most worrying sign is the 34% drop in equity, shrinking the company's net assets to £71,000. While the company meets the criteria for a small business—with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—the declining equity and depleted cash reserves suggest a need for careful financial management. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited.

Overall, The Rustic Summerhouse Company Ltd appears to be a niche business with a strong online presence, but its financial health warrants close attention.

Registered in England/Wales under the registration number 06716550, with a registered address at BN15 8AF, England, Lancing, West Sussex, Suite Ff10 Brooklands House, 58 Marlborough Road.

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