Annaghmore Agencies Ltd

Annaghmore Agencies Ltd from Co Armagh, UK, is a large, active family business established 33 years ago. Employing 45 people, the company boasts significant assets of £4,916,922 and generates yearly revenue of £10,297,074. With five directors and two owners, it operates from a real address and maintains a perfect 5.0 Google rating based on five reviews. The company is a regular importer of furniture, lighting, and prefabricated buildings, with 360 months of import activity recorded, the last operation made on January 01, 2025.

Annaghmore Agencies is a leading name in the furniture import, wholesale, and distribution sector. Established in 1977, the company’s website details a commitment to delivering high-quality furniture to retailers across the UK and Ireland. It offers a wide range of upholstery, bedroom furniture, dining sets, and more, catering to diverse tastes. The site highlights extensive experience, quality assurance, innovative designs, affordable price points, reliable distribution, and a customer-centric approach. Featured collections, like the Sandhurst and Covington suites, showcase its product range. The website is very well designed, and it's clear they are targeting retailers.

Financially, Annaghmore Agencies Ltd presents a mixed picture. While revenue remained steady, current assets decreased by 2.5% to £4,900,000. Bank borrowings decreased significantly, by 69%, to £12,000, which is a positive sign. However, net assets decreased by 11% to £4,400,000, and net loss deepened to -£370,000. Creditors increased by 17%, to £760,000. The company meets the criteria for a large company, having met two of three conditions: turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The lack of an auditor mentioned suggests they are exempt.

Overall, Annaghmore Agencies Ltd appears to be a well-established business with a strong market position, but the recent financial results indicate some challenges. The company’s long history and family ownership provide stability, but it will need to address the losses to ensure long-term sustainability.

Registered in Northern Ireland under the registration number NI026511, with a registered address at BT62 1NA, Co Armagh, 29 Annaghmore Road, Portadown.

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