Figuregrade Limited

Figuregrade Ltd from Waterlooville UK: a small holding company, currently active, was founded 31 years ago in 1994. The company employs six people and holds £1,836,178 in assets, but operates from a virtual address – a bit unusual as 136 other companies are registered at the same location. It’s managed by two directors and one owner. Figuregrade Ltd regularly imports furniture, lighting, and prefabricated buildings (210 months of import activity), and occasionally exports special woven and decorative fabrics (3 months of export activity).

The company’s website, Furniture Catalogue UK, presents itself as an information portal for furniture retailers. While still under development, it allows companies to list themselves and provides a directory of businesses, including Tan at Home, Clockhouse Furniture, and Riverdale Interiors. The site encourages companies to present themselves and welcomes contributions from interested parties. It’s a bit of a basic site, but clearly aiming to become a useful resource for the furniture industry.

Financially, Figuregrade Ltd’s recent performance shows some mixed signals. Current assets increased by 22% to £1.8 million, which is good, but bank borrowings surged by 2,400% to £1.1 million – a big jump. Cash reserves fell 69% to £430,000, and net assets increased by 24% to £1.5 million. Trade creditors decreased by 37%, suggesting improved 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 remain flexible, but the increase in borrowings is something to keep an eye on. As a small company, it’s exempt from an audit, so the figures are unaudited. Overall, Figuregrade Ltd appears to be holding its own, but the increase in borrowing suggests it may be investing in growth or facing some financial pressures.

Registered in England/Wales under the registration number 02905196, with a registered address at PO7 7SQ, United Kingdom, Waterlooville, Hampshire, 24 Picton House Hussar Court.

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