Utopia Interiors (newark) Limited

Utopia Interiors Newark Ltd, based in Nottingham, UK, is a small, active company founded fifteen years ago. Employing eight people, it holds £609,061 in assets and boasts a perfect 5.0 Google rating from fifteen reviews. The company operates from a real address and is managed by two directors and two owners. It’s an irregular importer, primarily dealing with electrical machinery and equipment, with the last import occurring over two years ago.

The company’s website showcases a premium kitchen, bedroom, and bathroom showroom serving Newark and surrounding areas. Specializing in brands like Villeroy Boch, Keuco, and Neff, Utopia Interiors offers design services and project management, from initial concept to final installation. They have an ex display sale items page, and a network of social media accounts. The site emphasizes a team of friendly designers and a commitment to luxury and meticulous detail.

Financially, Utopia Interiors Newark Ltd shows a mixed picture. While current assets increased by 6.2% to £610,000, cash bank on hand decreased by 27% to £320,000. Debtors have surged dramatically, increasing by 670% to £170,000, which could indicate increased sales or extended payment terms. Creditors also rose by 28%, reaching £68,000. Equity grew by 6.9% to £490,000, but net losses deepened, suggesting the company is burning through cash. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from a full audit, and the figures are unaudited.

The significant increase in debtors, coupled with the decrease in cash reserves, suggests the company may be facing some short-term cash flow challenges. However, the growth in equity and the positive customer reviews indicate underlying strength and potential for future success.

Registered in England/Wales under the registration number 07107564, with a registered address at NG24 4XF, Nottingham, 27 Portland Street, Newark.

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