Cookes Furniture Limited

Cookes Furniture Limited, based in Birmingham, UK, is a well-established holding company with a 49-year history and an active trading status. Employing 65 people and boasting assets of £3,101,094, the company operates from a real address and is overseen by seven directors and one owner. Its e-commerce site, Cookes Furniture, offers a wide range of sofas, dining furniture, beds, and bedroom sets, catering to diverse tastes and budgets. The company regularly imports and exports furniture, lighting, and prefabricated buildings, with 198 months of import activity and four months of export activity recorded.

The company's website showcases a comprehensive selection of furniture, from contemporary styles to traditional craftsmanship, including leather and fabric options, corner sofas, and armchairs. It also highlights a sleep specialist service, offering guidance on selecting beds, mattresses, and bedroom furniture. Cookes Furniture prides itself on offering a wide range of brands and a price promise guarantee. The website also promotes its storage service, Cookes Storage Service, and partnerships with other businesses like Hammonds Bedroom and Premier Carpets.

Financially, Cookes Furniture Limited presents a mixed picture. While revenue increased by 10%, profits fell by a significant 78% to £83,000. Current assets decreased by 16% to £3,100,000, while net assets decreased by 6% to £5,000,000. Bank borrowings decreased by 22% to £470,000, and cash reserves plummeted 90% to £83,000. Creditors decreased by 15%, suggesting improved debt management. The company meets two of three criteria to be considered a large company, with turnover over £36 million, balance sheet total over £18 million, and employees over 250. The audit firm, JW Hinks LLP, conducted the audit.

Despite the drop in profits and cash reserves, Cookes Furniture remains a substantial player in the furniture retail market. The company's long history, diverse product range, and strong online presence suggest resilience. However, the sharp decline in profits warrants further investigation, and the company will need to maintain its focus on cost management and customer satisfaction to ensure long-term success.

Registered in England/Wales under the registration number 01247580, with a registered address at B23 5PN, Birmingham, 28 Goosemoor Lane, Erdington.

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