Adams Upholstery Ltd

Adams Upholstery Ltd, based in Hove, UK, is a small, active company founded 14 years ago in 2011. With a single employee and £146,478 in assets, it operates from a virtual address – a point to note as 266 companies are registered at the same location. The business is led by one director and owner, Richardson Adam Ross. It’s a modest operation, meeting two of the three conditions to be classified as small: turnover under £10.2 million and balance sheet total under £5.1 million.

Adams Upholstery specializes in upholstery repair, restoration, and customization. While it’s an irregular importer, bringing in cotton products for a single month in 2019, its core business is exporting furniture, lighting, and prefabricated buildings—a consistent four-month export activity, with the latest shipment occurring in May 2024. The company’s website details a focus on auto interiors and commercial/industrial seating, boasting 40 years of experience. It caters to a range of clients, from restoring vintage Ford Model A seats to providing solutions for gym equipment and medical facilities.

Financially, Adams Upholstery Ltd presents a mixed picture. Creditors have increased significantly, rising 47%, while bank borrowings have decreased by 32%, a positive sign. Current assets have also increased by 40% to £150,000, but net assets have jumped dramatically, growing 6300% to £3400—a significant turnaround. The company’s retained earnings have also seen a substantial increase. Trade debtors have risen by a staggering 120%, suggesting a possible reliance on customer payments. The company’s small size means it’s likely exempt from an audit, and the figures are unaudited.

Overall, Adams Upholstery Ltd seems to be navigating a period of growth, although the substantial increase in trade debtors warrants further investigation. The company’s focus on specialized upholstery services, combined with its export activities, suggests a niche market strategy, but it’s important to monitor its financial health closely.

Registered in England/Wales under the registration number 07507298, with a registered address at BN3 2DL, Hove, East Sussex, 168 Church Road.

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