Fabritec Furniture Limited

Fabritec Furniture Ltd, based in Sittingbourne, UK, is a small, active company founded sixteen years ago in 2008. With 38 employees and £1,263,796 in assets, it operates from a virtual address—a fact highlighted by the presence of eighty-eight companies registered at the same location. The company is run by two directors and a solo founder, Callow James John, who also owns the business. It’s an irregular importer, primarily bringing in miscellaneous metal items, with the last import operation occurring just one month ago.

Fabritec Furniture is a leading manufacturer of furniture for the commercial market, supplying offices, schools, hotels, residential properties, and healthcare facilities. The company designs and produces bespoke furniture solutions for corporate clients and even provides CAD services for product design, including 3D visuals. Their 62,000 square foot manufacturing facility allows them to handle both high and low-volume orders, and their own fleet of vehicles ensures safe delivery. They also have a facility in Sheerness.

Financially, Fabritec Furniture’s recent performance presents a mixed picture. While cash reserves increased by a substantial 97% to £240,000, current assets only grew by 11% to £1,300,000. Debtors decreased by 14% to £520,000, which could indicate improved collection efforts, but creditors increased by 19% to £810,000. Bank borrowings have fallen significantly, by 60%, to £44,000. The company’s small size (meeting two of three criteria for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors warrants attention. There’s no auditor mentioned, which is typical for a small, exempt company.

Overall, Fabritec Furniture appears to be a well-established manufacturer navigating a competitive market. While the increase in creditors suggests potential financial pressure, the growth in cash reserves and improved debt management offer a degree of optimism.

Registered in England/Wales under the registration number 06601616, with a registered address at ME9 8PX, United Kingdom, Sittingbourne, Kent, Building 1063 Cornforth Drive, Kent Science Park.

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