B&m Furniture Ltd

B&M Furniture Ltd, based in Southampton, UK, is a small, active company established nine years ago. Employing just five people, it holds £51,533 in assets and operates from a real address within the Park Gate Business Center. The business is led by three directors and owned by Grabarek Elzbieta Ewa and Binczyk Michal. It’s a regular importer, primarily of wood and wood products, with recent activity recorded in December 2024.

The company’s website paints a picture of a furniture business with two distinct arms: retail and contract. It caters to both individual customers seeking sofas and bedroom furniture and larger hospitality providers furnishing lodges, caravan fleets, and AirBnbs. A key selling point is its factory-direct pricing and ability to customize orders – “Your Sofa, Your Way.” The business also boasts a large stock for next-day delivery, a significant advantage in a competitive market. It even has a showroom in Cleveleys and a presence in Harrods, London, through its piano restoration division.

However, the financial picture is a bit concerning. While current assets remain relatively stable at £52,000, net assets have plummeted by 90% to just £340, and cash reserves have fallen by 97% to £43,000. Bank borrowings have increased by 14%, reaching £63,000, and creditors have also risen by 14% to £63,000. The number of employees has decreased significantly, from five to just three. The company’s small size (meeting two of three criteria for a small company) helps it stay nimble, but the sharp decline in equity and cash reserves suggests it's burning through money. With no auditor mentioned, the figures are unaudited.

Overall, B&M Furniture Ltd appears to be facing some financial headwinds. While its diverse business model and focus on customer service are strengths, the company needs to address its declining equity and cash flow to ensure long-term sustainability.

Registered in England/Wales under the registration number 09981838, with a registered address at SO31 1FQ, United Kingdom, Southampton, Unit 12 Park Gate Business Center, Chandlers Way.

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