Tim Page Carpets Limited

Tim Page Carpets Ltd, based in London, UK, is a small holding company with an active status, having been established 22 years ago in 2003. The company employs 15 people and holds assets totaling £1,921,049. With six directors and one owner, it operates from a real address in Chelsea Harbour Design Centre. While irregular in its import activities (just 2 months of importing carpets and textile floor coverings), it’s a regular exporter (23 months) of the same goods.

The company’s website showcases a luxury carpet and rug business, offering a wide range of designs and collaborating with interior designers. It also provides services like measuring and installation, emphasizing a personalized customer experience. The website’s design is modern, with a focus on high-quality imagery and a clear presentation of its collections. It even has a gallery showcasing projects and collaborations.

Financially, Tim Page Carpets Ltd presents a mixed picture. Current assets have decreased by 13%, dropping to £1,900,000. However, net assets have increased by 6.2%, reaching £1,200,000. Bank borrowings have surged by 2,400%, reaching £29,000, and cash reserves fell 49% to £770,000. Creditors have decreased by 23%, suggesting improved debt management. The company meets the criteria for a small business, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company is exempt from an audit, so the figures are unaudited.

The sharp increase in bank borrowings, despite improved creditor management, could indicate investment in inventory or expansion plans. The decrease in cash reserves, while concerning, might be linked to these same initiatives. It's also worth noting the significant decrease in other debtors, which could be a positive sign of better payment collection. Overall, Tim Page Carpets Ltd seems to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 04656089, with a registered address at SW10 0XE, London, 410 The Chambers Tim Page Carpets Ltd, Chelsea Harbour Design Centre.

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