Westlite Limited

Westlite Limited is a small, active company based in Bideford, UK, established 26 years ago in 1998. With twelve employees and £256,759 in assets, it operates from a virtual address, a fact highlighted by seventy companies registered at the same location. The business, a family concern, is led by three directors and owned by two individuals. Westlite Limited regularly imports furniture, lighting, and prefabricated buildings—a total of five months of import activity was recorded, with the latest operation occurring in January 2025.

The company’s primary function is wholesale and retail of radio, television goods, and electrical household appliances. Its website, The Art of Design Magazine, showcases luxury home interiors, featuring articles, product spotlights, and design inspiration. It’s not a direct e-commerce platform, but rather a curated online magazine promoting high-end brands and design trends. The site’s content suggests a focus on architects, interior designers, and affluent homeowners—a target audience for the imported goods. The site is well-maintained, with regular updates and a clean, professional design.

Financially, Westlite Limited’s recent performance presents a mixed picture. Current assets have decreased by 47%, dropping to £260,000, while net assets have fallen by 36%, reaching £240,000. Bank borrowings have increased significantly, and cash reserves have declined by 47%, sitting at £180,000. Creditors have also decreased by 57%, which could indicate improved debt management. The company meets the criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited nature of the financial statements—and the lack of a named auditor—means the figures are self-reported.

The sharp decline in equity, coupled with the rise in bank borrowings, suggests that Westlite Limited may be facing financial pressures. It’s possible that increased import costs or a slowdown in sales have impacted profitability. However, the company’s established presence in the market, its focus on a niche product category, and its family-run structure could provide resilience in the face of these challenges.

Registered in England/Wales under the registration number 03616835, with a registered address at EX39 2AT, Bideford, Devon, 69 High Street.

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