Faraway Furniture Ltd

Faraway Furniture Ltd, based in London, UK, is a small, family-run business with an active status, having been established 17 years ago. With just two employees and £50,686 in assets, it operates from a virtual address shared by numerous other companies, a fact that raises some questions. The company is led by three directors and owned by two individuals, Aharony Naomi Miranda and Aharony Shai, who also serve as directors. It boasts an impressive Google rating of 5.0 based on 14 reviews, indicating high customer satisfaction. The company imports furniture, lighting, and prefabricated buildings, though infrequently, with the last import occurring over two years ago.

The company's website, Faraway Furniture, showcases a range of teak garden furniture, including dining benches, loungers, and accessories. It emphasizes high-quality materials and craftsmanship, offering both online sales and a unique delivery and build service—a nice touch. The site also features a blog with articles on garden design and furniture care, demonstrating a commitment to customer engagement. The website’s focus is clearly on selling high-end garden furniture, with a strong emphasis on teak and a clear call to action to “Shop now.”

Financially, Faraway Furniture Ltd presents a mixed picture. While current assets have increased by 43% to £51,000, and bank cash has grown by a significant 66% to £45,000, other indicators are less encouraging. Creditors have decreased by 40%, which is a positive sign, but trade debtors have plummeted by a staggering 100%, suggesting a potential issue with customer payments. Equity has also increased by 46% to £50,000, which is good news, but the sharp decrease in trade debtors warrants closer attention. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The absence of an auditor mentioned in the report is typical for small companies.

Overall, Faraway Furniture Ltd appears to be navigating a period of change. The increased cash reserves and growing asset base suggest a degree of financial stability, but the sharp decline in trade debtors could indicate challenges in collecting payments. The company's focus on high-quality products and personalized service, combined with its family-run nature, positions it well for continued success—though careful management of cash flow will be essential.

Registered in England/Wales under the registration number 06590252, with a registered address at NW8 0DL, United Kingdom, London, 55 Loudoun Road.

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