Fone Limited

Fone Limited is a small, active company based in Romford, UK, founded 26 years ago in 1999. It employs just one person and holds £651,410 in assets. The company has a real registered address and is managed by two directors, with Sutton Christopher Stephen as the sole owner. Fone Limited operates as an irregular importer and exporter of electrical machinery and equipment, with the last import activity recorded 2022 and export activity in 2017.

The company’s website, Furniture of Northern Europe, showcases a curated selection of antique furniture and decorative items. It’s an e-commerce business, selling unique, antique pieces sourced from Northern Europe. The site emphasizes sustainability, authenticity, and timeless design, catering to customers seeking statement pieces for their homes. It’s a niche market, and the website's design and content suggest a focus on quality over quantity.

Financially, Fone Limited’s figures present a mixed picture. While current assets increased by 16% to £650,000, net assets decreased by 18% to -£37,000. Bank borrowings decreased by -37% to £3,000, and cash reserves decreased by -14% to £3,000. Creditors increased by 12% to £690,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the negative equity is concerning. The company is not audited, relying on unaudited statements.

The company's depreciation on computer equipment and furniture fittings has increased slightly, suggesting ongoing investment in its operations. The decrease in trade debtors could be a positive sign of improved payment collection. Overall, Fone Limited appears to be navigating a challenging financial landscape, balancing its unique product offering with the pressures of a small business.

Registered in England/Wales under the registration number 03758658, with a registered address at RM1 3JP, Romford, Essex, Faber House, Eastern Road.

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