Essex Discount Furniture Limited

Essex Discount Furniture Ltd, based in Harlow, UK, is a small, active company founded thirteen years ago in 2011. With six employees and £964,766 in assets, it’s a well-established operation boasting a stellar 5.0 Google rating from 253 reviews. The company is led by one director and owner and regularly imports furniture, lighting, and prefabricated buildings – a consistent pattern over the past 23 months, with the last import activity recorded in April 2022.

The company’s website showcases a wide range of furniture, from beds and mattresses to garden furniture and office supplies. It operates an online store, offering customers the opportunity to purchase items directly. The site also features a physical store, with a "New Store Is Now Open!" banner prominently displayed, encouraging customers to visit and browse the latest stock. The website clearly aims to be a one-stop shop for home furnishings, with a focus on discounted prices and a large selection.

Financially, Essex Discount Furniture Ltd presents a mixed picture. While cash bank on hand increased significantly by 110% to £140,000, creditors also rose substantially by 540% to £25,000. Trade debtors increased by a staggering 1600% to £12,000, which could indicate issues with customer payments or an expansion of credit terms. Net current assets and liabilities both grew by 8.5%, suggesting a stable, if not particularly robust, financial position. The company meets the criteria for a small business – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – and is exempt from an audit, so the figures are unaudited.

Despite the financial pressures, Essex Discount Furniture Ltd appears to be a thriving business with a strong online presence and a loyal customer base. The company’s focus on discounted prices and a wide selection of furniture has clearly resonated with consumers, and the positive Google reviews are a testament to its commitment to customer satisfaction. The increase in creditors, however, warrants attention, and the company will need to manage its finances carefully to ensure its long-term success.

Registered in England/Wales under the registration number 07892188, with a registered address at CM20 2SU, England, Harlow, Essex, 1a Princes Gate Retail Park, Howard Way.

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