Furniture Online Global Ltd

Furniture Online Global Ltd, based in Leicester, UK, is a small, family-run business with an active status. Established 25 years ago, it employs 10 people and holds £2,345,717 in assets. The company has four directors and two owners, and boasts a Google rating of 4.0 based on nine reviews. It’s a regular importer of furniture, lighting, and prefabricated buildings, with 96 months of import activity recorded.

The company operates primarily as an online retailer, offering a wide range of furniture, from beds and sofas to dining chairs and gaming chairs. Its website showcases a diverse selection, with a focus on recliners and sofa beds. The site also features a blog with articles on topics like choosing the right recliner and interior design trends. It's clear the company is focused on providing a comprehensive online shopping experience for customers seeking comfortable and stylish furniture.

Financially, Furniture Online Global Ltd shows some interesting trends. While current assets increased by 17%, net assets only grew by 6.1%. Bank borrowings surged by 37%, reaching £530,000, while cash reserves also increased by 37% to £390,000. Creditors decreased by 29%, suggesting improved debt management. 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 it to remain flexible. However, the increase in borrowings could indicate investment in inventory or marketing efforts. The company is exempt from an audit, so the figures are unaudited.

The company's average number of employees during the period increased by 40%, which is a positive sign of growth. However, the increase in corporation tax payable by 130% suggests the company is experiencing increased profitability, but also increased tax obligations. The company’s long-term success will depend on its ability to maintain its online presence, manage its finances effectively, and adapt to changing consumer preferences.

Registered in England/Wales under the registration number 03931917, with a registered address at LE4 7SL, Leicester, Leicestershire, Mpk House, 318 Melton Road.

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