Furniture For The Home Ltd

Furniture For The Home Ltd, based in Dudley, UK, is a small, active company established thirteen years ago. With eleven employees and £134,185 in assets, it operates from a real address and is led by one director and owner. The company regularly imports furniture, lighting, and prefabricated buildings—a consistent pattern over the last 34 months, with the latest import occurring in July 2024.

The business focuses on retail, specifically the sale of furniture, lighting, and similar items through specialized stores, mail order, and online platforms. It’s a modest operation, meeting two of the three criteria to be considered small: turnover under £10.2 million and a balance sheet total under £5.1 million, alongside having fewer than 50 employees.

Looking at the financial picture, there's a mixed bag of trends. Current assets have fallen by 44% to £130,000, and net assets have taken a significant hit, dropping 68% to just £7,000. Bank borrowings have decreased by 55%, which is a positive sign, but cash reserves have plummeted 87% to a mere £21,000. Trade debtors have increased dramatically, rising 400% to £62,000, which could indicate issues with customer payments or a shift in credit policies. The company's equity has also declined significantly, dropping 69% to £6,900.

The company's small size allows for flexibility, but the substantial decline in equity and cash reserves suggests a period of financial pressure. The lack of an auditor mentioned (likely exempt due to its size) means these figures are unaudited. Foster Simon Mark is both the director and owner of the company. The company operates under the Small Companies Regime for both accounts and directors reports.

Registered in England/Wales under the registration number 07842023, with a registered address at DY3 1TF, England, Dudley, West Midlands, 129 Dudley Road, Sedgley.

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