Westminster Blinds And Awnings Limited

Westminster Blinds And Awnings Ltd from Ipswich UK is a small, active company founded seventeen years ago. Confirmation is currently overdue by four months, and while it holds £61,874 in assets, its financial health appears to be concerning. The company, with two directors and one owner (Palmer Aaron), boasts a perfect 5.0 Google rating based on fourteen reviews, indicating strong customer satisfaction.

The business operates in the retail sector, specifically through mail order and internet sales, and also offers a range of services including the fitting of blinds, shutters, awnings, and window film. Its website showcases a wide variety of products, from vertical and roller blinds to conservatory and electric blinds, catering to both residential and commercial clients. It’s clear they are trying to appeal to a broad range of customers, with sections dedicated to homes, offices, schools, and restaurants.

However, a closer look at the financial data reveals a worrying trend. Net assets have plummeted by a staggering 1400%, resulting in a negative equity of -£92,000. Cash reserves have also drastically reduced by 92%, leaving just £500 available. Bank borrowings have increased significantly, and trade debtors have fallen by a considerable 51%. While creditors have decreased slightly, the overall picture suggests the company is burning through cash. The business meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

It’s possible the company is experiencing temporary challenges, perhaps due to rising material costs or increased competition. However, the sharp decline in equity and cash reserves raises questions about its long-term viability. The strong Google rating suggests a loyal customer base, but whether this can be leveraged to turn around the company’s finances remains to be seen.

Registered in England/Wales under the registration number 06439451, with a registered address at IP3 8GD, Ipswich, Suffolk, 34 Meadow Crescent, Purdis Farm.

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