Tribal Rugs Limited

Tribal Rugs Limited is a small, active company founded 23 years ago in 2001, operating as a wholesale textiles business. Based in London, the company employs just two people and holds assets worth £157,503. It has a real registered address and is overseen by three directors and three owners, boasting a perfect 5.0 Google rating based on two reviews. The company is an irregular importer, with its top import category being Carpets and textile floor coverings, with a last import operation made in November 2016.

The company’s website showcases a wide range of carpets, from large to small, runners, and kilims, emphasizing the beauty of handmade rugs and their ability to complement both old and new homes. It positions itself as a purveyor of Eastern aesthetics, suggesting a focus on quality and craftsmanship. The website is clearly geared towards retail, with no obvious e-commerce functionality, instead promoting a catalogue-style presentation of its rug selection.

Financially, Tribal Rugs Limited presents a mixed picture. Current assets have decreased by 12% to £160,000, while net assets remain steady at £140,000. Cash reserves have seen a significant boost, rising 270% to £23,000, which is a positive sign. However, trade debtors have fallen by 19%, suggesting slower payments from customers. Creditors have also decreased, by 58%, which could be a result of better debt management. The company’s small size—meeting two of three conditions for being classified as small—allows it to remain flexible, but the decline in debtors could be a cause for concern. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Tribal Rugs Limited appears to be navigating a challenging environment. While cash reserves are up, the decrease in debtors could signal a need to review credit terms or payment collection processes. The company’s focus on quality rugs and its strong Google rating suggest a loyal customer base, but maintaining financial stability will be key to its long-term success.

Registered in England/Wales under the registration number 04227502, with a registered address at W3 8EH, 17 Heathfield Road, London.

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