Business Furniture Direct Limited

Business Furniture Direct Ltd, based in Cheltenham, UK, is a small, active company established 14 years ago. Employing just six people, the company holds £141,746 in assets and operates from a real address within the Park Farm Industrial Estate. With four directors and two owners, the business runs an e-commerce site and maintains a 5.0 Google rating based on 45 reviews. They are an irregular importer of furniture, lighting, and prefabricated buildings, with a recent import recorded in May 2024.

The company’s website showcases a wide range of office furniture and supplies, from desks and chairs to storage solutions and safety equipment. It caters to both commercial and individual customers, offering a comprehensive selection and even providing a quick order function. The site also features a blog with articles on topics like furniture recycling and choosing the right office colours, demonstrating a commitment to customer engagement.

Financially, Business Furniture Direct Ltd presents a mixed picture. While current assets increased by 26% to £140,000, net assets decreased by 51% to -£18,000—a significant drop. Bank borrowings fell by 10% to £38,000, and cash reserves grew substantially by 110% to £63,000. Creditors decreased by 38% to £51,000, suggesting improved debt management. The company meets two of the three criteria to be classified as small, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The unaudited financial statements, as is common for small companies, are reported without an external auditor.

The company’s retained earnings and accumulated losses have decreased significantly, and the directors acknowledge their responsibilities under the Companies Act. It’s unclear what caused this sharp drop in equity, but it’s a trend worth noting. The business seems to be holding steady, but the financial results suggest a need for careful management.

Registered in England/Wales under the registration number 07405757, with a registered address at GL54 5BX, Cheltenham, Gloucestershire, Unit 16 Park Farm Industrial Estate Evesham Road, Greet.

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