Balmoral Furniture Ltd

Balmoral Furniture Ltd, based in Cheshunt, UK, is a small, active company founded 17 years ago. Despite its longevity, the business is currently facing some financial challenges, with both accounts and confirmation statements overdue for a year. Employing just one person and holding £67,161 in assets, it operates from a virtual address shared by 133 other companies, which is a bit unusual. The company is managed by two directors and owned by one person, Murray Deborah Ann.

Balmoral Furniture Ltd functions as both an importer and exporter, specializing in furniture, lighting, and prefabricated buildings. It imports these goods irregularly, with two months of import activity recorded, and exports them regularly, with four months of export activity. The company’s website showcases a wide range of furniture, including sofas, beds, and dining sets, catering to both retail and contract markets. It even boasts a purpose-built bedding facility manufacturing around 1000 beds weekly.

Financially, Balmoral Furniture Ltd’s recent performance paints a concerning picture. Current assets have declined by 22% to £67,161, while net assets have plummeted 130% to -£27,000. Bank borrowings have increased significantly, and cash reserves have fallen 63% to £7,300. Creditors have also decreased, suggesting some improvement in debt management. The company's small size—meeting two of three conditions for a small company—allows for agility, but the sharp decline in equity is a worrying sign. With no auditor mentioned, the figures are unaudited.

It seems Balmoral Furniture Ltd is experiencing some financial turbulence. While it maintains a presence in both importing and exporting, the recent financial data suggest the company is burning through money. Whether this is a temporary setback or a longer-term issue remains to be seen.

Registered in England/Wales under the registration number 06472651, with a registered address at EN8 9BH, Cheshunt, Herts, 167 Turners Hill.

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