Wendy Morrison Design Limited

Wendy Morrison Design Ltd, based in Musselburgh, UK, is a small, family-run business with an active status, celebrating 18 years in operation. Employing five people, the company holds £464,150 in assets and operates from a real address. With two directors and owners, it's a tight-knit team running an e-commerce site specializing in carpets and textile floor coverings. They regularly import these items, with a history of eight months of import activity, and occasionally export, with two months of export activity recorded.

The company's website showcases a diverse range of designs, including chinoiserie rugs, wallpaper, and fabric, emphasizing handmade quality and unique storytelling. It caters to a global audience, offering a wide selection of currencies and shipping options. The site also features a blog with design inspiration and company news, and a VIP club offering exclusive discounts and early access to new collections.

Financially, Wendy Morrison Design Ltd presents a mixed picture. While cash reserves increased by 59% to £190,000, net assets decreased by 450% to -£560,000. Creditors have risen significantly, with both short-term and long-term obligations increasing by 93% and 44% respectively. Trade debtors have also jumped, by 96%. The company’s small size—meeting two of three conditions for being classified as small—helps maintain agility, but the large equity drop is concerning. The unaudited figures, as the company is exempt from an audit, rely on director-reported data.

The increase in bank borrowings suggests a need for additional funding, and the rising creditor levels could indicate challenges in managing cash flow. It's possible that the company is investing in new designs or expanding its marketing efforts, but the financial data suggests a need for careful monitoring.

Registered in Scotland under the registration number SC313838, with a registered address at EH21 7PB, Scotland, Musselburgh, Suite 1a, Second Floor, Station Road.

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