Finwood Designs Limited

Finwood Designs Ltd, based in Bromsgrove, UK, is a small, family-run business with an active status, having been founded nineteen years ago in 2005. The company employs just one person and holds assets totaling £113,083. It operates from a virtual address, registered with 108 other companies, and is managed by three directors and two owners. Finwood Designs regularly imports furniture, lighting, and prefabricated buildings – a consistent pattern over the last eight months, with the most recent import in July 2024. Export activity is less frequent, occurring just one month ago in November 2022, also involving furniture, lighting, and prefabricated buildings.

The company’s website is currently unavailable, making it difficult to determine the specifics of their operations beyond the import/export data. However, the financial data suggests a company facing some challenges. While current assets increased slightly to £110,000, net assets decreased by 5.7% to £7,900. Bank borrowings fell by 20% to £54,000, and cash reserves plummeted 74% to a mere £6,800. Creditors increased by 46%, and trade debtors rose by 51%, which could indicate difficulties in collecting payments. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in equity is concerning.

Despite the challenges, Finwood Designs Ltd appears to be navigating a difficult period. The decrease in bank borrowings is a positive sign, but the sharp drop in cash reserves warrants attention. The lack of an auditor mentioned (likely exempt due to its small size) means the financial statements are unaudited, relying on director-reported data. Overall, Finwood Designs Ltd seems to be a small business facing a period of financial pressure, but it's holding on.

Registered in England/Wales under the registration number 05549116, with a registered address at B60 3AL, United Kingdom, Bromsgrove, Worcestershire, 1 Aston Court, Bromsgrove Technology Park.

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