Furnica Ltd

Furnica Ltd from London UK: a small company with an active status, was founded nine years ago and employs just two people. It holds £217,538 in assets and operates from a virtual address, managed by one director and two owners who form a family business. The company runs an e-commerce site and has a Google rating of 3.0 based on 89 reviews, regularly importing furniture, lighting, and prefabricated buildings—a trend spanning 24 months, with the last import operation in December 2024.

Furnica Ltd’s website showcases a vast range of furniture components, from cabinet hinges and drawer slides to furniture handles and lighting accessories. It’s clearly focused on a B2B model, catering to furniture manufacturers, retailers, and DIY enthusiasts with a comprehensive selection of hardware and fittings. The site's extensive product listings and detailed specifications demonstrate a deep understanding of the furniture industry, and the site is well-organised.

Looking at the financials, Furnica Ltd presents a mixed picture. Cash bank on hand has fallen by 28%, dropping to £2,100, and net assets have decreased by 28%, now standing at -£52,000. Bank borrowings have also seen a significant change, increasing by 41% to £14,000. Creditors have seen a substantial jump, rising by 74% to £260,000. On a positive note, trade debtors have increased by a staggering 240%, reaching £150,000, which could indicate growing sales. The company qualifies as a small business, meeting two of the three criteria (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The lack of an auditor mentioned suggests the company is exempt from an audit.

In summary, Furnica Ltd appears to be experiencing some financial challenges, with declining cash reserves and increasing liabilities. However, the substantial growth in trade debtors suggests a potential for future revenue generation. The company’s focus on e-commerce and its wide range of furniture components position it well within its niche, but it will need to manage its finances carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 10048295, with a registered address at W5 5TH, United Kingdom, London, Ealing Cross 1st Floor, 85 Uxbridge Road.

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