Dagmar Furniture Ltd

Dagmar Furniture Ltd, based in London, UK, is a small, active company founded four years ago. With seven employees and £474,878 in assets, it's a solo-founder operation overseen by three directors. The company operates from a real address and regularly imports and exports furniture, lighting, and prefabricated buildings—12 months of imports and 49 months of exports recorded. It’s a small business, meeting two of three conditions to be classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website, Dagmar Design, showcases a curated collection of mid-century furniture, emphasizing Scandinavian design and expert craftsmanship. The site functions as an e-commerce platform, allowing customers to browse and purchase items online. It features detailed product descriptions, high-quality images, and a mailing list signup form. The website’s design is clean and modern, with a focus on visual appeal. It also includes a blog with articles about Scandinavian design and furniture care. The site offers shipping to a wide range of countries, including the United States, Europe, and Asia.

Financially, Dagmar Furniture Ltd’s recent performance is concerning. Retained earnings and accumulated losses plummeted by a staggering 130%, ending at -£82,000. Current assets, though, increased by 20% to £470,000, and trade debtors decreased by 12% to £210,000. However, cash bank on hand fell 10% to £31,000, and other creditors jumped 950% to £230,000. The company’s reliance on bank borrowings remained steady at £85,000. The lack of employees (down to six) suggests a lean operation, but the significant equity decline raises questions about its long-term viability. The unaudited accounts, prepared using VT Final Accounts software, are exempt from an audit.

While Dagmar Furniture Ltd’s website and product selection appear well-executed, the financial data paints a picture of a company facing challenges. The sharp decline in equity, coupled with increased other creditors, suggests it's burning through cash. Whether it can sustain its operations and continue to grow remains to be seen.

Registered in England/Wales under the registration number 13299961, with a registered address at EC1R 4QX, England, London, 161 Rosebery Avenue First Floor.

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