Capricorn Contract Furnishings Limited

Capricorn Contract Furnishings Ltd, based in Exeter, UK, is a small, active company founded nine years ago. With a single employee and £792,016 in assets, it’s a solo founder operation managed by one director and owner, Brian Pengelly. The company boasts a perfect 5.0 Google rating from two reviews, and regularly imports furniture, lighting, and prefabricated buildings – with nine months of import activity recorded, the last in August 7th 2022.

The business operates within the "other business support service activities n.e.c." industries, suggesting a broad range of services. While no website is available, this indicates a business-to-business focus, relying on direct sales or partnerships rather than online retail.

Financially, Capricorn Contract Furnishings Ltd presents a mixed picture. Current assets have seen a significant drop, falling 37% to £790,000. Equity has also taken a hit, declining 73% to £170,000. Cash reserves have decreased by 62%, leaving just £160,000 on hand. However, creditors have been reduced by 21%, suggesting improved debt management. Trade debtors have also decreased by 16%. The company meets two of three conditions to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). With no auditor mentioned, the unaudited figures rely on director-reported data.

The substantial drop in cash reserves and equity is concerning, potentially indicating increased operating expenses or delayed payments. The decrease in trade debtors is a positive sign, but the company will need to carefully manage its cash flow to avoid burning through money. The company's small size allows for agility, but the financial pressures suggest a need for careful planning and potentially, a re-evaluation of its business model.

Registered in England/Wales under the registration number 09826491, with a registered address at EX5 1EW, England, Exeter, Unit 60 Central Woodbury Salterton.

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