Claremont Office Furniture Limited

Claremont Office Furniture Ltd from Glasgow UK: a small, holding company with an active status, was founded 21 years ago. The company employs 22 people and holds assets valued at £1,299,087. It has a real address, two directors, and one owner, operates an e-commerce site, and enjoys a 5.0 Google rating based on 17 reviews. Regular importer of furniture, lighting, and prefabricated buildings (15 months imported).

The company’s website showcases a design-focused approach to office furniture, offering a range of products from boardroom tables and breakout cafe furniture to desks and storage solutions. It provides services including design, planning, building, and fit-outs, with a strong emphasis on case studies highlighting successful projects for schools, innovation hubs, universities, distilleries, and assisted living facilities. The website also features a shop with a variety of products, including desks, chairs, and bundles, and offers a newsletter signup for sales and product updates.

Financially, Claremont Office Furniture Ltd shows some concerning trends. While turnover remained steady, current assets decreased by 40%, dropping to £1.3 million. Bank borrowings increased significantly, rising by 46% to £33,000, and cash reserves fell 73%, leaving just £150,000. Creditors also decreased by 40%, which is a positive sign. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s accounts were prepared by Atkinson Donnelly LLP, but were not audited.

The decline in cash reserves and assets suggests that the company may be facing financial pressures, although the decrease in creditors indicates improved debt management. It’s possible that the company is reinvesting in its business or facing increased operating costs, but further investigation would be needed to confirm this. The holding company structure could also indicate that Claremont Office Furniture Ltd is part of a larger group, which could provide financial support but also introduce complexities.

Registered in Scotland under the registration number SC257781, with a registered address at G74 5PA, United Kingdom, Glasgow, Orbital House Peel Park, East Kilbride.

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