The Top Drawer (ek) Ltd

The Top Drawer (ek) Ltd, based in Glasgow, UK, is a small, family-run business with an active status. Founded eleven years ago in 2013, it employs sixteen people and holds £442,994 in assets. The company operates from a virtual address, registered at Radleigh House, with seventy-five companies sharing the same address, which is a little unusual. It’s managed by two directors and two owners, and boasts a stellar 5.0 Google rating from 215 reviews. The Top Drawer (ek) Ltd regularly imports furniture, lighting, and prefabricated buildings, with its last import activity recorded five months ago in October 2022.

The company’s website reveals it operates as an agent involved in the sale of furniture, household goods, hardware, and ironmongery. It’s not clear if the company has an e-commerce presence, but it appears to focus on business-to-business sales rather than direct consumer sales. The site’s design is simple and functional, prioritizing product listings and contact information over flashy visuals.

Financially, The Top Drawer (ek) Ltd shows some concerning trends. Accumulated depreciation for property, plant, and equipment increased by a whopping 97%, suggesting aging assets or increased investment. Cash bank on hand plummeted 100%, leaving just £160 remaining, which is a big change. Bank borrowings, however, surged by 58%, indicating a need for external financing. Creditors also increased by 21%, which could be a sign of stretched 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) helps it remain flexible, but the sharp drop in cash reserves is something to watch. With no auditor mentioned, the figures rely on unaudited statements.

Overall, The Top Drawer (ek) Ltd seems to be navigating a period of financial pressure. While its strong Google rating suggests customer satisfaction, the company will need to address its cash flow challenges to ensure long-term sustainability.

Registered in Scotland under the registration number SC459966, with a registered address at G76 7HU, Glasgow, Radleigh House 1 Golf Road, Clarkston.

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