Turnstyle Designs Limited

Turnstyle Designs Ltd from Barnstaple, UK, is a small, holding company with an active status, celebrating 58 years in business. Founded in 1966, the company employs 50 people and holds assets valued at £3,084,339. It operates from a real address and is overseen by six directors and one owner. Turnstyle Designs is a regular importer of miscellaneous metal items (18 months) and a regular exporter (176 months).

The company specializes in the manufacture of other fabricated metal products, catering to high-end residential, commercial, and yacht projects. Its website showcases a wide range of luxury door hardware, from bespoke knobs and pulls to window hardware and furniture accessories. It’s clear they have a strong emphasis on quality and customisation, offering made-to-measure services and a "B Corporation" certification—a mark of social and environmental responsibility. They even have a London showroom and a presence in Harrods.

Financially, Turnstyle Designs Ltd presents a concerning picture. Current assets have fallen significantly by 34%, dropping to £3.1 million. Net assets have plummeted 46%, down to £2 million. Bank borrowings have increased, and cash reserves have shrunk by nearly half, sitting at just £1.7 million. Creditors have also increased, suggesting a reliance on short-term financing. While the company meets the criteria for a small business, the substantial decline in equity raises questions about its financial health. The unaudited figures, without an auditor mentioned, rely on director-reported data.

The company’s focus on luxury goods and bespoke services suggests a premium pricing strategy, but the declining financial metrics indicate potential challenges. Whether Turnstyle Designs can maintain its reputation for quality while navigating these financial pressures remains to be seen.

Registered in England/Wales under the registration number 00894195, with a registered address at EX31 3TB, Barnstaple, Devon, Baron Way, Roundswell Business Park.

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