The Vintage & Modern Rug Co Ltd

The Vintage & Modern Rug Co Ltd, based in Houghton Le Spring, UK, is a small, active company founded ten years ago in 2015. Employing just two people, it holds £113,383 in assets and operates from a real address, managed by two directors and a single owner, who is also the solo founder. The company regularly imports carpets and textile floor coverings, with 30 months of import activity recorded, and has recently started exporting, with five months of export activity.

The company’s website describes it as a supplier of quality rugs to retailers throughout the UK and Eire, offering a range of traditional, contemporary, luxury, Kelim, and Oriental quality products, as well as the Bowron Sheepskin Collection. Noel Bradbury, the owner, leverages over 30 years of experience in the rug importing business to source styles and qualities through trusted suppliers. The website also highlights a connection to the Bowron Sheepskin Collection, suggesting a broader textile focus.

Financially, The Vintage & Modern Rug Co Ltd presents a mixed picture. Current assets have decreased by 21%, falling to £110,000, while net assets have also declined, dropping 29% to £17,000. Bank borrowings have significantly increased, rising 180% to £28,000, and cash reserves have vanished completely, a sharp decline from £1,200. Creditors have also decreased, falling 28%, which could indicate improved debt management. The company’s small size (meeting two of three criteria for being small) helps it remain flexible, but the decline in equity is a concern. The financial report doesn't mention an auditor, likely due to its status as a small company.

Overall, The Vintage & Modern Rug Co Ltd appears to be navigating a period of financial pressure, despite its established presence in the rug market. It’s unclear if the company's rug importing and exporting business is enough to sustain the business.

Registered in England/Wales under the registration number 09425359, with a registered address at DH5 8BY, England, Houghton Le Spring, 15 Cresta View.

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