Abey Furnishing Company Limited

Abey Furnishing Company Ltd from Grimsby UK is a small, holding company with an active status, having been founded 47 years ago in 1977. Employing twelve people and holding £478,643 in assets, it’s a family business with a real address and three directors and owners. The company operates an e-commerce site and enjoys a stellar 5.0 Google rating based on 154 reviews. It’s an irregular importer of furniture, lighting, and prefabricated buildings, with the last import operation occurring one months ago in March 2023.

The company’s website showcases a wide range of furniture, from upholstery and dining sets to beds and bedroom furniture. It offers various brands and styles, catering to diverse tastes and budgets. Cookies are used to run the website well and personalise the experience. The website also features a detailed breakdown of cookie settings, allowing users to manage their preferences.

Financially, Abey Furnishing Company Ltd shows some concerning trends. Cash bank on hand has fallen by 42%, dropping to £170,000. Creditors have increased by 15%, reaching £20,000, and total creditors are at £270,000. Current assets have also decreased by 18%, sitting at £480,000. However, debtors have risen by 8.4%, reaching £290,000. Equity remains stable, with retained earnings unchanged at £170,000. The company's small size—meeting two of three criteria for being classified as small—helps it stay nimble, but the decrease in cash reserves is something to watch. No auditor is mentioned, which is common for small companies.

Overall, Abey Furnishing Company Ltd appears to be facing some financial pressures, but it’s a well-established business with a strong online presence and a loyal customer base. It’s a family business with a long history and a commitment to quality—but it’s important to monitor its financial performance in the coming months.

Registered in England/Wales under the registration number 01316853, with a registered address at DN31 3ER, Grimsby, Nr Lincs, 107 Cleethorpe Road.

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