Klr Interiors Limited

Klr Interiors Limited, based in Solihull, UK, is a small, active family business established eight years ago. With two employees and £109,510 in assets, it operates from a virtual address—a detail flagged by the registration of 586 other companies at the same location. The company is led by one director and owned by Reynolds Peter and Reynolds Kelly Louise, with a respectable Google rating of 4.0 based on ten reviews.

Klr Interiors Limited specializes in joinery installation, retail sales via mail order and internet, and other retail activities not conducted in traditional stores. Its website, while not detailed, suggests a focus on kitchen furniture, potentially operating a workshop in Studley, Warwickshire. The company’s branding includes a connection to 1066 Sales Ltd, hinting at a shared family ownership and a broader business portfolio.

Financially, Klr Interiors Limited presents a mixed picture. While current assets increased by 15% to £110,000, net assets significantly decreased by 90% to just £1,100—a worrying trend. Bank borrowings rose by 19% to £51,000, and cash reserves plummeted 64% to £7,900. Creditors, however, saw a substantial increase of 52% to £180,000, which could reflect increased stock levels or supplier credit. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Depreciation charges on property and equipment increased, particularly for other property and equipment, by 120%, suggesting investment in new assets.

The company’s financial statements are unaudited, likely due to its small size and exemption from an audit. While the business maintains a positive Google rating, the decline in equity and cash reserves warrants close monitoring. The increase in bank borrowings, alongside the rise in creditors, suggests the company is burning through money, but it's not clear if this is a short-term startup phase or a more concerning trend.

Registered in England/Wales under the registration number 10567823, with a registered address at B2 5LG, Birmingham, 11th Floor 1 Temple Row.

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