Direct Furniture Limited

Direct Furniture Ltd from Bury St. Edmunds UK: a small, active company founded 22 years ago, employs 10 people, and holds £2,386,002 in assets. It’s a family business with two directors and owners, boasting a solid Google rating of 4.0 from 159 reviews. The company operates from a real address and is an irregular importer of furniture, lighting, and prefabricated buildings, with just two months of import activity recorded.

The company’s website, Direct Furniture, appears to be solely focused on retail. It’s an e-commerce operation, selling a range of furniture and home accessories. The site is well-designed and easy to navigate, with clear product descriptions and secure payment options. There's no indication of a physical showroom or other retail presence beyond the online store.

Financially, Direct Furniture Ltd presents a mixed picture. Current assets increased by 46%, reaching £2,400,000, while net assets also rose by 39% to £2,100,000. Cash reserves saw a significant jump, increasing by 780% to £890,000. However, bank borrowings decreased by 23%, settling at £34,000, and creditors also declined by 100%, falling to £340,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the changes in creditors suggest some adjustments to payment terms. The lack of an auditor mentioned likely means the accounts are unaudited.

Overall, Direct Furniture Ltd seems to be in a stable position, benefiting from a strong online presence and a growing asset base. The increase in cash reserves is a positive sign, but the changes in creditors warrant further monitoring. It's a well-established business, and appears to be doing well.

Registered in England/Wales under the registration number 04515581, with a registered address at IP32 7QW, England, Bury St. Edmunds, Direct Furniture Ltd, Hollow Road.

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