Essex Furniture Outlets Ltd

Essex Furniture Outlets Ltd from Basildon UK: a small, active company founded eleven years ago, employs 105 people, and holds £2,012,623 in assets. It's a real address operation with one director and owner—a solo founder—running the show. The company operates an e-commerce site and has a solid 4.0 Google rating from 451 reviews. They’re regular importers of furniture, lighting, and prefabricated buildings, with 89 months of import activity recorded.

The company’s website, furnitureoutletstores.co.uk, presents itself as London's largest clearance outlets, established since 2007. It emphasizes a wide range of furniture—sofas, beds, dining sets—and highlights fast delivery, home assembly, and 0 APR finance options. The site features new arrivals, blog posts offering interior design tips, and a social media presence encouraging customers to share their purchases. It's clear they're aiming for a broad appeal, offering both style and value.

Financially, Essex Furniture Outlets Ltd shows a mixed picture. Current assets declined by 11% to £2,000,000, while net assets dropped 12% to £1,300,000. Bank borrowings surged by 530,000% to £11,000, and cash reserves fell 7.2% to £690,000. Creditors, however, decreased by 11%, 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 nimble. There's no auditor mentioned, likely due to small company exemptions.

Overall, Essex Furniture Outlets Ltd appears to be facing some financial headwinds, but its strong online presence and customer reviews suggest a resilient business. The increase in borrowings and decline in cash reserves warrants close monitoring, but the company's focus on value and clearance deals may help it weather the storm.

Registered in England/Wales under the registration number 08980266, with a registered address at SS14 3EZ, England, Basildon, Essex, Suite 3, First Floor Phoenix House, Christopher Martin Road.

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