Furnibarn Limited

Furnibarn Ltd, based in Salford, Manchester, UK, is a small, active company founded 20 years ago. Employing five people, it holds £474,671 in assets and operates from a real address. With two directors and a solo founder, Rubin Alex, the company boasts a Google rating of 4.0 based on 13 reviews. It’s a regular importer of furniture, lighting, and prefabricated buildings, with four months of import activity recorded as of January 7th, 2024.

The company's website is minimal, offering little insight into its operations beyond its core business: retail of furniture, lighting, and similar items. It appears to be a straightforward, online-focused operation, lacking the complexity of a multi-faceted business.

Financially, Furnibarn Ltd presents a mixed picture. Current assets remained stable at £470,000, while net assets increased by 6.1% to £290,000. Bank borrowings decreased by 39%, dropping to £16,000, and cash reserves increased by 42% to £270,000. Creditors decreased by 40%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Depreciation charges for plant machinery remained consistent, and a significant decrease in total inventories was observed.

Despite these positive trends, the company's reliance on retained earnings and the lack of an auditor (likely exempt due to its size) mean the figures are unaudited. The decrease in total inventories may indicate a slowdown in sales or a strategic decision to reduce stock levels. Overall, Furnibarn Ltd appears to be financially stable, but the long-term sustainability of its business model remains to be seen.

Registered in England/Wales under the registration number 05244349, with a registered address at M3 5JZ, Salford Manchester, Lancashire, Alex House, 260-268 Chapel Street.

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