Designer Sofas Group Ltd.

Designer Sofas Group Ltd, based in London, UK, is a large company with an active status, having been founded seven years ago in 2017. Employing 72 people, the company holds £7.27 million in assets and generates £26.61 million in yearly revenue. Despite a virtual address, it operates with one director and one owner, who is also the solo founder. The company's core business is e-commerce, with a stellar 5.0 Google rating based on 393 reviews. It regularly imports furniture, lighting, and prefabricated buildings (243 months) and occasionally exports them (1 month).

The company's website, Designer Sofas 4U, showcases a wide range of furniture, specializing in Chesterfield sofas and vintage-inspired designs. It’s clearly a retail operation, offering everything from sofas and chairs to dining tables and accessories. The site emphasizes fast delivery and flexible payment options, including Klarna and Clearpay. The company also highlights its bespoke furniture service, catering to customers seeking custom designs.

Financially, Designer Sofas Group Ltd presents a mixed picture. While turnover remained steady at £27 million, net assets increased by 43% to £7.1 million, which is good news. However, administrative expenses rose by 15% to £8.7 million, and cash bank on hand decreased by 41% to £4.3 million. Bank borrowings increased by 2400% to £29,000, which is a significant jump. The company’s average number of employees increased by 3% to 74. The company’s auditor is Paul Winston Limited, and the accounts are audited.

The increase in administrative expenses, coupled with the decrease in cash reserves, suggests the company may be investing heavily in growth or facing increased operating costs. The large increase in bank borrowings also warrants attention. Despite these challenges, the company’s strong Google rating and focus on a niche market (Chesterfield sofas) position it well for continued success.

Registered in England/Wales under the registration number 11005900, with a registered address at NW2 1LS, England, London, Unit 1 Brent South Shopping Park, Tilling Road.

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