Folding Tables Uk Ltd

Folding Tables UK Ltd, based in Telford, UK, is a small, active company established 21 years ago. Despite a 5.0 Google rating from three reviews, the business faces some financial headwinds. It currently employs just one person and holds £57,038 in assets, operating from a virtual address registered alongside sixteen other companies—a bit unusual. There are no directors or owners listed, which is also a bit odd. The company regularly imports furniture, lighting, and prefabricated buildings, with 14 months of import activity recorded.

The company's website showcases a wide range of folding tables, chairs, and related items, catering to both domestic and commercial customers. It’s clearly an e-commerce business, offering free U.K. shipping on most orders and highlighting a variety of products from camping trestle tables to deluxe fabric-padded metal chairs. The site’s layout is clean and easy to navigate, with a focus on product images and competitive pricing. It's a well-presented online store.

Financially, Folding Tables UK Ltd presents a concerning picture. Current assets have plummeted by a staggering 74%, dropping to just £57,000. Net assets have also taken a severe hit, falling by 280% to -£89,000. Bank overdrafts remain constant at £49,000. Trade creditors have increased significantly by 62%, reaching £140,000, suggesting potential cash flow issues. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from an audit, so the figures are unaudited.

The substantial decline in assets and the increase in creditors indicate that Folding Tables UK Ltd is burning through cash. While the website appears well-managed and the Google rating is excellent, the company needs to address its financial situation to ensure its long-term viability. The lack of directors listed is also a point of concern, potentially impacting decision-making and governance.

Registered in England/Wales under the registration number 04900938, with a registered address at TF2 6EL, England, Telford, Office 10 15a Market Street, Oakengates.

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