Westminster Teak Limited

Westminster Teak Ltd, based in Uckfield, UK, is a small, active company established 30 years ago. Employing 21 people, the business holds £1,389,811 in assets and operates from a real address. With three directors and one owner, Westminster Teak is a regular importer and exporter of furniture, lighting, and prefabricated buildings, having imported for 276 months and exported for 5 months.

The company’s website showcases a wide range of teak furniture, from classic dining sets to modern lounge pieces, catering to both indoor and outdoor spaces. It’s clear Westminster Teak focuses on high-quality, durable furniture, with a particular emphasis on teak’s natural properties and craftsmanship. The site’s detailed product descriptions and lifestyle imagery suggest a deliberate effort to appeal to a discerning customer base. While not explicitly stated, the website's design and product offerings imply a focus on retail sales, though wholesale options might also be available.

Financially, Westminster Teak’s report reveals some concerning trends. Accumulated amortisation and depreciation have increased significantly, suggesting a decline in the value of intangible assets and property, plant, and equipment. Cash bank holdings have increased dramatically, which could be a positive sign of improved liquidity, but it’s important to see how this relates to overall profitability. Creditors have decreased, which is good, but the most striking change is a 56% drop in equity, falling to £430,000. This could be due to a number of factors, such as increased borrowing or reduced retained earnings. The number of employees has also decreased slightly, from 21 to 19. With no auditor mentioned, the financial statements are unaudited. Overall, Westminster Teak appears to be navigating a period of change, with a need to manage its equity position and ensure sustainable profitability.

Registered in England/Wales under the registration number 02926231, with a registered address at TN22 1QQ, England, Uckfield, East Sussex, Birch House Brambleside, Bellbrook Industrial Estate.

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