Chairs Limited

Chairs Limited is a large company based in Accrington, UK, holding company, active status, founded 32 years ago. It employs 198 people and boasts assets of £37,324,985, with yearly revenue reaching £58,585,018. The company, with six directors and one owner, regularly imports and exports furniture, lighting, and prefabricated buildings—1655 months of imports and 608 months of exports recorded.

Chairs Limited operates as a wholesale furniture store, offering a wide range of pieces from sofas to tables, and even offering bespoke furniture design. The company's website highlights its commitment to providing high-quality furniture at reasonable prices, with a focus on giving homes a more sophisticated look. It also offers a service for designing and building custom living spaces.

Financially, Chairs Limited's recent report reveals some interesting trends. While the company’s turnover remained stable, at £58 million, there are signs of pressure. Current assets dropped by 11% to £37 million, and net assets declined by a similar amount. Bank borrowings increased significantly, by 78%, reaching £980,000, while cash reserves decreased by 47%, falling to £12 million. Despite this, trade debtors decreased by 39%, suggesting improved collection of payments. The company’s size (meeting two of three criteria for a large company) helps it remain competitive. The report was audited by Watson Buckle Limited.

The decrease in cash reserves and increase in borrowing could indicate the company is reinvesting in its business or facing increased operating costs. It’s also possible that delayed payments from customers are impacting its cash flow. While the company’s turnover remains strong, these trends warrant closer monitoring to ensure long-term financial health.

Registered in England/Wales under the registration number 02714841, with a registered address at BB5 5TU, England, Accrington, Lancashire, Metcalf Drive, Altham Industrial Estate Altham.

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