Furnital Limited

Furnital Ltd from Wellingborough UK: a small, active company founded 40 years ago, employs four people, and holds £85,409 in assets. With three directors and one owner, it’s a well-established, family-run business. It’s a regular importer of furniture, lighting, and prefabricated buildings, with four months of import activity recorded, the last operation in June 2022.

The company operates in the buying and selling of own real estate, and the other letting and operating of own or leased real estate. 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. The website, Furniture One Limited, showcases a wide range of indoor and outdoor furniture, including rattan sets, corner sofas, and sunbeds. It’s clear they specialize in garden furniture, based in Radstock, Somerset, and even have a showroom. They deliver, and returns are easy.

Financially, Furnital Ltd shows some concerning trends. Cash bank on hand has plummeted 79%, dropping to just £85,000, and current assets have also fallen significantly by 80% to £85,000. Trade debtors have vanished completely, a big change. While creditors have also decreased, the sharp decline in cash reserves suggests the company may be burning through money. The company’s equity has remained stable, but the significant drop in cash and current assets warrants closer scrutiny. With no auditor mentioned, the figures are unaudited. It's a little worrying, really.

Registered in England/Wales under the registration number 01894767, with a registered address at NN29 7DJ, England, Wellingborough, Northamptonshire, 19 Gipsy Lane, Irchester.

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