Efurn Limited

Efurn Ltd, based in Houghton-Le-Spring, UK, is a small, active company founded 14 years ago. With three employees and £477,223 in assets, it operates as a solo-founded e-commerce site with a respectable 4.0 Google rating from just three reviews. The business, led by a single director and owner, specializes in selling furniture online.

The company's website, Efurn.co.uk, showcases a wide range of home furnishings, from living room essentials like coffee tables and sofas to bedroom furniture and outdoor sets. It offers free delivery to UK mainland and emphasizes competitive pricing, a price match guarantee, and a customer-centric approach. The site’s design is clean and functional, with clear product categories and easy navigation. It also has a blog section with articles related to home decor and furniture trends.

Financially, Efurn Ltd presents a mixed picture. While current assets increased slightly to £480,000, cash reserves declined by 24% to £160,000. Bank borrowings surged by 2,400%, reaching £29,000, and creditors rose 35% to £34,000. Trade debtors decreased by 18%, suggesting better 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) helps it stay agile, but the sharp equity drop raises questions. No auditor is mentioned, meaning the figures are unaudited.

The company's financial data shows some interesting trends. Accumulated depreciation for plant machinery increased by 41%, and specific advances to the director rose significantly. This could be related to investments in equipment or expansion of the business. However, the decrease in prepayments and accrued income suggests a tighter control over cash flow. Overall, Efurn Ltd appears to be a small but resilient business navigating the challenges of the online furniture market.

Registered in England/Wales under the registration number 07317574, with a registered address at DH4 5RJ, Houghton-Le-Spring, Tyne And Wear, Unit 14 Cherry Way, Dubmire Industrial Estate Fencehouses.

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