Bennetts Family Furnishings Limited

Bennetts Family Furnishings Ltd from Banbury UK is a small, active company founded 22 years ago. With seven employees and £515,881 in assets, it’s a well-established business boasting a perfect 5.0 Google rating from 16 reviews. The company has three directors and three owners, and operates from a real address. It’s a regular importer, bringing in furniture, lighting, and prefabricated buildings—most recently in April 2024—over the last twelve months.

The company specializes in the retail of furniture, lighting, and similar goods, operating from a physical store and likely an online presence, though a website isn’t readily available. It’s a small business, meeting two of the three conditions for classification: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. This allows for flexibility and agility in a competitive market.

Financially, Bennetts Family Furnishings Ltd shows a mixed picture. Current assets decreased by 13% to £520,000, while net assets fell 5.5% to £550,000. Cash bank on hand dropped 7% to £280,000. Trade debtors significantly decreased by 92%, a positive sign of improved collections. However, creditors rose 14%, suggesting increased reliance on short-term financing. Bank borrowings increased substantially, reaching £29,000. The company’s net current assets liabilities decreased by 8%, indicating better management of short-term obligations. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Bennetts Family Furnishings Ltd seems to be navigating a period of adjustment. While asset values and cash reserves have declined, improved debt management and reduced debtors suggest a focus on financial stability. The company’s long-standing presence and strong Google rating indicate a loyal customer base, but continued monitoring of its financial performance will be important.

Registered in England/Wales under the registration number 04533960, with a registered address at OX16 3TB, England, Banbury, Oxfordshire, 10 Manor Park.

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