E.reeves Limited

E. Reeves Ltd, based in Surrey, UK, is a long-standing family business, active for 78 years and employing eight people. With £271,885 in assets and a real address in Croydon, the company is led by three directors and owned by Reeves Trevor William, a solo founder. It boasts a solid 4.0 Google rating from 97 reviews. The business regularly imports furniture, lighting, and prefabricated buildings, with the last import activity recorded three months ago in December 2017.

The company operates as a furniture retailer, offering a wide range of sofas, beds, bedroom furniture, and dining sets through its website, House of Reeves. The site showcases various brands and styles, including options for customization and delivery. It's a comprehensive online store, with a clear focus on providing a wide selection and competitive pricing. The website also features a section dedicated to pianos, hinting at a separate venture or a historical connection to the music industry.

Financially, E. Reeves Ltd presents a mixed picture. Current assets have decreased by 2%, falling to £270,000, while net assets have plummeted 51%, dropping to £1,800,000. Bank borrowings have increased significantly, rising 200% to £67,000, and cash reserves have fallen 200% to £67,000. Creditors have also decreased by 18%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity decline warrants attention. No auditor is mentioned, consistent with its status as a small company exempt from an audit.

The company's long history and strong online presence suggest resilience, but the financial data reveals some challenges. The piano division, with its association to Harrods, adds a layer of prestige, but its impact on the core furniture retail business remains unclear. The company is clearly working hard to maintain its reputation and adapt to changing market conditions, but the financial results indicate a need for careful management and strategic planning.

Registered in England/Wales under the registration number 00434036, with a registered address at CR9 1QS, Surrey, 120 Church Street, Croydon.

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