Factory Furniture Limited

Factory Furniture Ltd, based in Faringdon, UK, is a small, active company established 23 years ago. With four employees and £370,635 in assets, it’s a modest operation run by two directors and one owner. The company has a real address and operates regularly, importing stone, plaster, cement, and similar materials for the past three months, and exporting furniture, lighting, and prefabricated buildings for the last twelve months.

The business appears to focus on manufacturing furniture and related products, as indicated by its classification within the “manufacture of other furniture” industry. Its website is currently unavailable, making it difficult to assess its e-commerce presence or specific product offerings.

Financially, Factory Furniture Ltd shows a mixed picture. While cash bank on hand increased by 14% to £190,000, net assets decreased by 8.7% to £240,000. Creditors rose by 22% to £140,000, suggesting increased reliance on short-term financing. Trade debtors, however, decreased by 14% to £140,000, which could indicate improved collection practices or a shift in credit terms. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decline in equity is something to keep an eye on. A significant increase in other inventories, up 100% to £19,000, may indicate increased production or a buildup of stock, which could be a good or bad sign depending on demand. The company’s taxes payable also increased by 93% to £35,000, which could be a temporary increase or a sign of increased profitability.

The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements. Overall, Factory Furniture Ltd seems to be navigating a period of change, with both positive and concerning trends emerging from its financial performance.

Registered in England/Wales under the registration number 04322309, with a registered address at SN7 7BU, England, Faringdon, 5 Pioneer Road.

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