Furniture Concept Ltd

Furniture Concept Ltd, based in New Malden, UK, is a small, active company established 21 years ago. With four employees and £81,811 in assets, it operates from a self-storage facility and is led by two directors and one owner. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent import activity recorded two months ago.

The company’s website highlights its core business: warehousing, delivering, and fitting furniture. It positions itself as a partner for businesses, focusing on trade, retail, and contact, offering services like assembly, carpentry, building works, and distribution. The site emphasizes passion and quality, referencing a quote from Georg Wilhelm Friedrich Hegel, and aims to let clients focus on growing their core business. It even has a phone number and email address.

Financially, Furniture Concept Ltd presents a mixed picture. Current assets have declined by 28% to £82,000, while net assets have plummeted 51% to £20,000. Bank borrowings have decreased by 16%, and cash reserves have fallen 39% to £57,000. Creditors have decreased by 16%, and trade debtors have increased by 23%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant drop in equity warrants attention. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Furniture Concept Ltd seems to be navigating a period of change, with declining assets and a need to manage its financial position. The company's focus on warehousing, delivering, and fitting suggests a service-oriented business model, but the financial data indicates a need to carefully monitor its cash flow and manage its debts.

Registered in England/Wales under the registration number 04840084, with a registered address at KT3 4PH, England, New Malden, Ofc 19, Big Yellow Self Storage, Beverley Way.

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