Cult Furniture Ltd

Cult Furniture Ltd, based in London, UK, is a sizable company with an active status, having been established fourteen years ago in 2010. Employing ninety-five people, the company boasts £2,756,756 in assets and generates a yearly revenue of £12,878,945. It operates an e-commerce site and regularly imports and exports furniture, lighting, and prefabricated buildings, with a substantial 662 months of import activity and 42 months of export activity. The company’s real address is SW4 6JP, England, London, Unit 2g 20-22, Union Road, and is managed by two directors and one owner, Iqbal Faizal.

The company’s website showcases a wide range of modern furniture and home décor, emphasizing design and quality. It’s a full-fledged e-commerce platform with detailed product descriptions, high-quality images, and a user-friendly interface. The site offers various categories, including chairs, tables, stools, lighting, storage, and sofas, catering to diverse styles and budgets. It also features a dedicated showroom section and a trade section for business customers. The site promotes various sales and discounts, like 20% off dining table sets and extra 20% off selected items.

Financially, Cult Furniture Ltd’s recent performance presents a mixed picture. While turnover remained stable, a significant drop in net assets—down 36% to £1 million—is notable. Bank overdrafts remained constant at £170,000, but cash bank on hand increased dramatically, jumping 1100% to £120,000. Administration expenses rose by 8.6% to £6.6 million, and the company’s losses after tax increased to £235,613. The company’s average number of employees decreased by 26%, from ninety-five to seventy, which may reflect efforts to streamline operations. The auditors, RDH Accountants Ltd, have provided an unqualified audit opinion. Despite the losses, the company’s strong revenue and substantial assets suggest a resilient business model, although the decline in equity warrants closer monitoring. The company’s continued focus on e-commerce and its wide product range positions it well to capitalize on the growing demand for online furniture sales.

Registered in England/Wales under the registration number 07415993, with a registered address at SW4 6JP, England, London, Unit 2g 20-22, Union Road.

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