Furnishings Uk Ltd

Furnishings Uk Ltd, based in Bradford, UK, is a small, active company founded twelve years ago in 2012. With eight employees and £381,485 in assets, it operates from a real address and is managed by two directors and two owners. Its Google rating sits at 3.0 based on 137 reviews, and it’s an irregular importer, primarily dealing in carpets and textile floor coverings—just one month of imports recorded as of December 2022.

The company’s website is currently unavailable, making it difficult to assess its online presence and specific offerings. However, the company operates in the other business support service activities n.e.c. industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

A review of Furnishings Uk Ltd’s financial data reveals a mixed picture. Cash bank on hand experienced a dramatic increase, soaring 650% to £85,000, a positive sign. However, net assets declined by 39% to -£74,000, and net current assets liabilities also decreased by 20% to -£140,000. Trade creditors increased by 19%, suggesting potentially higher short-term debt, while trade debtors decreased by 8.9%. The company’s bank borrowings decreased by 42%, a welcome change. Although the company’s equity is negative, it’s important to note that the accounts are unaudited and reflect a small company regime.

The significant increase in cash reserves could indicate a period of improved sales or cost management, but the negative equity suggests the company may be burning through money. The decrease in trade debtors could be a result of more efficient payment collection, or it could indicate a slowdown in sales. With no auditor mentioned, the figures rely on director-reported data. Overall, Furnishings Uk Ltd appears to be navigating a challenging financial landscape, with potential for growth but also requiring careful management of its liabilities.

Registered in England/Wales under the registration number 08298992, with a registered address at BD3 9HB, England, Bradford, West Yorkshire, 94 Garnett Street.

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