Wells Interiors Ltd

Wells Interiors Ltd, based in London, UK, is a small, family-run business with an active status, having been founded twelve years ago in 2013. The company employs nine people and holds £561,587 in assets, operating from a virtual address shared by numerous other companies. With three directors and two owners, Wells Interiors Ltd is a tight-knit operation. They are regular importers of paper and paperboard products, with three months of import activity recorded, and irregular exporters of machinery, boilers, and mechanical appliances, with just one month of export activity. The company operates in the floor and wall covering industries.

Their website highlights Wells Interiors Ltd as London’s leading specialist wallpaper installers, offering a "Wells Quality Guarantee" and partnering with high-end brands like de Gournay and Harrods. They cater to interior designers, contractors, and homeowners, providing installation services for residential, commercial, and creative projects—including wardrobes, headboards, and even superyacht panels. The site emphasizes professional service, a scalable pool of expert installers, and a focus on bespoke and new-to-market wallcoverings.

Financially, Wells Interiors Ltd shows some concerning trends. Accumulated amortisation and depreciation have increased significantly—by 130% and 49% respectively—suggesting increased investment in computer software and equipment. The average number of employees has decreased by 33%, falling to six, which could impact their ability to handle projects. Bank borrowings have decreased by 47%, but there’s a significant increase in other creditors—up 13% to £200,000. Cash bank on hand has fallen by 2.5%, and finished goods have increased by 380%, which could indicate a build-up of inventory. Despite these challenges, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility. With no auditor mentioned, the figures are unaudited.

In short, Wells Interiors Ltd appears to be navigating a period of change, with increased costs and a reduced workforce. While their reputation for quality installation remains strong, the financial picture suggests a need for careful management.

Registered in England/Wales under the registration number 08362295, with a registered address at SW1V 1PX, England, London, Thomas House, 84 Eccleston Square.

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