Furniture Store (ni) Limited

Furniture Store Ni Ltd, based in Cookstown, UK, is a small, active company founded ten years ago in 2015. With three employees and £322,497 in assets, it operates from a real address and is led by a single director and owner – a solo founder. The business runs an e-commerce site and regularly imports furniture, lighting, and prefabricated buildings, with the last import operation occurring in July 2024.

The company's website showcases a wide range of furniture and home accessories, categorized into sections like Bedroom, Living, Kitchen & Dining, and Outdoor Living. It emphasizes stylish pergolas and offers a "Hollywood" collection with illuminated mirrors and vanity sets. The site also features a blog with articles on topics like pergola selection and garden design, suggesting a focus on customer education and engagement. A key selling point is the flexible payment options with Klarna.

Financially, Furniture Store Ni Ltd presents a mixed picture. While cash bank on hand decreased significantly by 67% to £10,000, net assets increased by 9.1% to £140,000. Creditors decreased by 12%, which is a positive sign. However, bank borrowings saw a substantial increase of 15%, reaching £6,900. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the fluctuating cash position warrants attention. The company’s increase from depreciation charge for property plant equipment was consistent.

The company’s trade debtors increased by 25%, which could indicate an expansion of credit terms or delayed customer payments. It’s worth noting that the company is exempt from an audit due to its size, so the financial statements are unaudited. Overall, Furniture Store Ni Ltd seems to be navigating a competitive market, leveraging its e-commerce platform and focus on stylish furniture to attract customers, but it’s important to monitor its cash flow and debt levels closely.

Registered in Northern Ireland under the registration number NI631396, with a registered address at BT80 9PJ, Northern Ireland, Cookstown, County Tyrone, 2 Teebane Road.

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