Furmz Ltd

Furmz Ltd from Mildenhall UK is a small, active company founded three years ago. It’s a solo-founded operation with one director and owner, registered at a real address. The company operates in the retail sale via mail order houses or via internet industries. Officially, it has one owner or PSCs, one director and no number of employees published.

The company’s website, Furmz Ltd, positions itself as an online retailer, although specific product details are scarce. It appears to be an e-commerce site, but without further information, it’s difficult to determine the exact nature of its offerings. The site's design is simple and functional, suggesting a focus on practicality over elaborate branding.

Financially, Furmz Ltd presents a concerning picture. Net assets have plummeted from -£1200 to -£2500, indicating a significant drain on equity. Cash reserves have vanished entirely, dropping 100% from £270 to zero. Creditors have increased by 74%, reaching £2500, suggesting a reliance on borrowing to cover expenses. While the company is small (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the sharp decline in equity and cash reserves raises serious questions about its financial health. The accounts are unaudited and have been prepared as filleted accounts, meaning they are simplified and lack detailed information. KPFA LIMITED is the name of the accountants.

In short, Furmz Ltd appears to be struggling financially. While it operates in a potentially lucrative online retail sector, the company's current trajectory suggests it’s burning through money rather than building sustainable growth. Whether it can turn things around remains to be seen.

Registered in England/Wales under the registration number 13916483, with a registered address at IP28 7DE, England, Mildenhall, Suffolk, Unit A, 82 James Carter Road, Suffolk.

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