Furniture London Ltd

Furniture London Ltd, based in London, UK, is a small, active company founded twelve years ago in 2012. With nine employees and £213,474 in assets, it operates from a real address in Hackney and is led by a solo founder and one director. The company boasts a stellar 5.0 Google rating from 399 reviews and runs an e-commerce site specializing in furniture, lighting, and prefabricated buildings, having imported these goods for 76 months.

The company’s website, London Furniture Outlet, offers a wide range of furniture, from beds and sofas to office desks and garden furniture, catering to both residential and commercial clients. It emphasizes competitive pricing, same-day delivery, and landlord packages, indicating a focus on speed and convenience. The site even highlights a new showroom with selected products on display, suggesting a move towards a more physical presence.

Financially, Furniture London Ltd presents a mixed picture. While current assets remain stable at £210,000, equity has significantly decreased by 41% to -£150,000. Bank borrowings have also decreased by 26% to £27,000, and cash reserves have fallen by 69% to £2,800. Creditors have increased by 6.7% to £460,000, and trade debtors have risen by 19% to £56,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, so the financial statements are unaudited.

Despite the decline in equity and cash reserves, the company’s strong Google rating and focus on fast delivery suggest a loyal customer base. The decrease in bank borrowings could indicate better debt management, but the drop in cash reserves warrants attention. It’s clear that Furniture London Ltd is navigating the challenges of a competitive market, relying on its online presence and efficient service to maintain its position.

Registered in England/Wales under the registration number 08266510, with a registered address at N16 5SA, United Kingdom, London, Royal Furniture, Unit 7 10 Manor Road.

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