Funky Chunky Furniture Ltd

Funky Chunky Furniture Ltd, based in Jarrow, UK, is a small, active company founded eleven years ago in 2013. With forty-two employees and £563,766 in assets, it’s a real business with a physical address and managed by two directors and a solo founder, Kevin Johnston. The company regularly imports wood and wood products—nineteen months of import activity recorded—while irregularly exporting furniture, lighting, and prefabricated buildings, with just two months of export activity.

The company’s website showcases a wide range of handcrafted, British-made, and sustainably sourced furniture, from shelves and mantels to beds, dining sets, and home accessories. It caters to various styles, including rustic, farmhouse, and industrial, and even offers a selection of garden and ethical choices. The website also highlights customer testimonials and interior design inspiration, reflecting a focus on quality and aesthetics. It seems like the company operates primarily through its website, with no mention of a physical showroom.

Financially, Funky Chunky Furniture Ltd’s recent performance presents a mixed picture. While cash reserves increased by 120% to £380,000, net assets decreased by 23% to £230,000. Bank borrowings, however, surged by 4600%, reaching £220,000, which is a significant increase. Creditors also rose by 85%, reaching £550,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the increase in debt is something to keep an eye on. Depreciation on plant machinery also increased by 15%, which may be due to investments in new equipment. The company is exempt from an audit as a small company, so the financial statements are unaudited.

The company’s focus on sustainable practices and British craftsmanship seems to be resonating with customers, but the recent financial trends suggest that Funky Chunky Furniture Ltd is facing some challenges. Whether it can maintain its growth trajectory while managing its debt remains to be seen.

Registered in England/Wales under the registration number 08674419, with a registered address at NE32 3DP, England, Jarrow, 10 Rolling Mill Road.

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