Aspire Furniture Limited

Aspire Furniture Ltd, based in Barnsley, UK, is a large, active company founded twelve years ago. Employing thirty people, the business boasts assets of £5,672,979 and a yearly revenue of £27,963,901. It operates a real address and has four directors and two owners, alongside an e-commerce site and a respectable Google rating of 4.0 from seventy-eight reviews. The company regularly imports furniture, lighting, and prefabricated buildings, with nineteen months of import activity recorded.

The company’s website showcases a wholesale business specializing in furniture, carpets, and lighting equipment. It appears to be primarily a B2B operation, supplying businesses rather than directly serving consumers. A secondary website, Pm Sales and Marketing Limited, suggests potential marketing and sales support for Aspire Furniture.

Financially, Aspire Furniture Ltd presents a mixed picture. While revenue increased by a healthy 89%, net assets decreased by 20% to £4,700,000, and bank borrowings increased by 100% to £1,000,000. Cash reserves also decreased by 15% to £1,000,000. Creditors decreased by 5% to £4,000,000. The company meets the criteria for a large company, having turnover over £36 million and balance sheet total over £18 million. The lack of an auditor mentioned likely means the company is exempt from an audit.

The trends suggest a period of growth but also increased financial pressure. The company’s reliance on imports could be a vulnerability, and the increase in borrowing might indicate a need to fund expansion or manage working capital. The two owners, Burgoyne Kit and Murphy Paul Nicholas, are likely responsible for navigating these challenges.

Registered in England/Wales under the registration number 08445275, with a registered address at S70 6AF, England, Barnsley, 40a Racecommon Road.

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