Furniture 321 Ltd

Furniture 321 Ltd from Corby UK: a small, active company founded six years ago, operates from a real address and is led by a single director and owner—a solo founder. It runs an e-commerce site and has a Google rating of 3.0 based on 16 reviews. The company regularly imports furniture, lighting, and prefabricated buildings, with its last import operation occurring four months ago.

The company’s core business involves the manufacture of other furniture, wholesale of furniture, carpets and lighting equipment, and retail of furniture, lighting, and similar items. It’s a small operation, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company’s website, while not detailed, suggests a focus on online sales and a range of furniture products.

Financially, Furniture 321 Ltd presents a mixed picture. Accumulated depreciation impairment property plant equipment increased by 20%, while average number of employees during the period remained at zero. Creditors have remained stable, but equity has seen a slight decline. Net assets liabilities and net current assets liabilities both stand at -£79,000. The accounts are abridged and unaudited, reflecting the company’s small size and exemption from a full audit. The accounts were prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The lack of employee data and the negative net assets suggest a lean operation, potentially reliant on owner investment. The stable creditor levels could indicate good debt management, but the negative equity warrants closer scrutiny. It’s possible the company is reinvesting profits back into the business, but a more detailed financial review would be needed to confirm this.

Registered in England/Wales under the registration number 12017953, with a registered address at NN18 9EU, England, Corby, Unit 6 South Folds Road.

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