Whitebox London Limited

Whitebox London Limited, based in Notting Hill, London, is a small, holding company with an active status. Founded twenty years ago in 2005, the company employs just two people and holds £265,026 in assets. It operates with one director and one owner, and has a real registered address. The company regularly imports furniture, lighting, and prefabricated buildings—nineteen months of import activity were recorded, with the latest in November 2023. It also exports machinery, boilers, and mechanical appliances, though less frequently, with just two months of export activity as of November 2024.

The company’s website, Whitebox London, focuses on “inspired luxury living in London’s finest locations.” It showcases a portfolio of design and development projects, particularly in the Zakynthos area, and emphasizes a focus on high-end residential properties. The site’s clean design and focus on visual content suggest a company targeting a discerning clientele. It’s clear they are focused on design and development, and the website doesn’t indicate any e-commerce operations.

Financially, Whitebox London Limited’s recent performance presents a mixed picture. Current assets decreased by 10%, falling to £270,000, while net assets declined by 13%, reaching -£760,000. Bank borrowings increased significantly, surging 150% to £79,000, and cash reserves plummeted 77% to just £650. Creditors also rose, increasing by 7% to £890,000. 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 flexibility, but the substantial equity decline and increased borrowings are concerning. The absence of an auditor—likely due to exemption as a small company—means the figures are unaudited.

It seems Whitebox London Limited is facing some financial strain, despite its focus on high-end design and development. The increased borrowings and declining equity suggest the company may be burning through cash, though the reasons behind this are unclear. It's possible that recent projects have been costly, or that the company is investing heavily in future growth. The company’s future success will likely depend on its ability to secure new projects and manage its finances effectively.

Registered in England/Wales under the registration number 05325885, with a registered address at W11 3JY, England, London, United House 2.17, 9 Pembridge Road, Notting Hill.

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