Ashmore Furniture Limited

Ashmore Furniture Ltd, based in Bradford, UK, is a small, family-run business with an active status, having been founded twelve years ago in 2013. The company holds £87,015 in assets and operates from a real address, managed by two directors and two owners. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent import activity recorded just one month ago in March 2024.

The company’s core business involves the retail of furniture, lighting, and similar items, operating in a specialised store industry. It’s a small operation, meeting two of the three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s website is non-existent, which suggests a focus on offline sales or a limited online presence.

Financially, Ashmore Furniture Ltd presents a mixed picture. Cash bank on hand has seen a dramatic increase of 39,000%, jumping to £39,000, while net assets have increased by 13,000%, reaching £13,000. Trade debtors remain steady at £44,000, and creditors are also stable at £39,000. However, net current assets have decreased by 4700%, resulting in a negative balance of -£4,600. The number of employees has increased from zero to three, indicating a slight expansion of operations. As a small company, it’s exempt from an audit, so the figures are unaudited.

The increase in cash reserves is a positive sign, but the negative net current assets suggest the company is burning through money faster than it’s bringing it in. The increase in employees could be a sign of growth, or it could indicate the company is struggling to manage its workload. With no auditor mentioned, it’s difficult to assess the company’s financial health with certainty, but the figures suggest it’s facing challenges.

Registered in England/Wales under the registration number 08391948, with a registered address at BD19 3JP, Bradford, West Yorkshire, Unit 5a Neverfield Mills, Bradford Road Cleckheaton.

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