Furniture World Limited

Furniture World Limited, based in Redruth, UK, is a large, holding company with an active status. Established 21 years ago in 2003, the company employs 62 people and holds assets valued at £2,665,565. Its yearly revenue reached £8,469,588, and it operates a real address with five directors and one owner. A key aspect of its business is regular importing of furniture, lighting, and prefabricated buildings, with 141 months of import activity recorded. The company also runs an e-commerce site.

The website showcases a wide range of furniture and home accessories, from sofas and chairs to beds and dining sets. It caters to various styles and budgets, featuring brands like LaZBoy, Silentnight, and Orla Kiely. The site also highlights a selection of garden furniture and accessories, alongside a clearance section offering discounted items. It's clear that Furniture World aims to be a one-stop shop for home furnishings.

Financially, Furniture World’s performance presents a mixed picture. Current assets decreased by 15% to £2,700,000, while net assets fell 11% to £2,300,000. Bank borrowings decreased by 13% to £1,400,000, and cash reserves dropped 10% to £320,000. Creditors decreased by 20% to £530,000, suggesting improved debt management. Turnover also declined by 11% to £8,500,000. The company meets the criteria for a large company, having met two of three conditions: turnover exceeding £36 million, balance sheet total exceeding £18 million, and average number of employees exceeding 250. The lack of a named auditor suggests it's exempt from mandatory auditing.

The decrease in assets and turnover could be attributed to various factors, such as changing consumer demand or increased competition. However, the decrease in creditors suggests that the company is managing its debts effectively. The company’s long history and established presence in the market, coupled with its e-commerce platform, position it well for continued success, although close monitoring of financial trends will be crucial.

Registered in England/Wales under the registration number 04811439, with a registered address at TR15 1SS, United Kingdom, Redruth, Cornwall, Unit 1 Cardrew Way, Cardrew Industrial Estate.

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