David Phillips Furniture Ltd

David Phillips Furniture Ltd, based in Beckton, UK, is a sizable company with a 26-year history, employing 205 people and holding assets worth £10,086,994. The business, a holding company with an active status, generated £28,413,058 in revenue last year. It has two directors and one owner, and boasts a 3.0-star rating on Google from 73 reviews. The company regularly imports furniture, lighting, and prefabricated buildings (411 months), but exports only sporadically (1 month).

The company operates in the retail of furniture, lighting, and similar items, and its website highlights a focus on property management solutions. It offers furniture packages, rental options, and a self-serve platform for landlords and property managers. The site also emphasizes its ability to transform properties with tailored designs and offers flexible payment options, including Klarna. A key element is the focus on show homes and staging services for developers, alongside a growing international presence in Australia, UAE, and Hong Kong.

Financially, David Phillips Furniture Ltd presents a mixed picture. Accumulated amortisation of intangible assets has risen significantly, increasing by 66%, while depreciation of property, plant, and equipment has also increased. However, the company’s average number of employees has decreased slightly, and administrative expenses have risen by 2.8%. Despite this, revenue has grown substantially, increasing by 20% to £28,413,058. A notable decline in cash bank on hand, down 11%, suggests tighter liquidity. The company's net assets have also decreased by 4.4%. While the firm’s turnover is above the threshold for a large company, its net assets are relatively low. The company's auditor, Hazlewoods LLP, has reported that the financial statements give a true and fair view. Overall, David Phillips Furniture Ltd appears to be a growing business, but it is important to monitor its cash flow and manage its debt effectively.

Registered in England/Wales under the registration number 03670521, with a registered address at E6 6LP, United Kingdom, Beckton, London, 24 - 32 Eastbury Road.

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