Furnitureworx Limited

Furnitureworx Limited, based in Salisbury, UK, is a small, active company established fifteen years ago in 2009. With thirteen employees and £82,803 in assets, it operates from a virtual address – seventy-one companies registered at the same location – and is led by a single director and owner. The business has a stellar 5.0 Google rating based on thirty-seven reviews. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import operation recorded over four years ago in November 2019.

The company’s website, accessible via a Facebook login, primarily directs users to Facebook, offering little insight into its operations beyond a link to a generic Facebook page. There’s no e-commerce functionality or detailed product catalog visible, suggesting a more B2B focus or a reliance on external sales channels. It appears to operate within the wholesale of furniture, carpets, and lighting equipment industries.

Financially, Furnitureworx Limited is showing signs of a business under pressure. Current assets have decreased by 32% to £83,000, and net assets have plummeted 30% to -£13,000. Bank borrowings have fallen by 43% to £13,000, but cash reserves have also dropped significantly by 44% to £43,000. Creditors have increased by a staggering 120% to £37,000, and trade debtors have fallen by 36%. 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 for flexibility, but the sharp decline in equity and increased creditors raise concerns. No auditor is mentioned, and the accounts are unaudited, relying on director-reported data. The company’s owner, Curry David Spencer, appears to be actively involved, and the recent changes to both the director and owner lists could indicate a period of restructuring or strategic shift.

Registered in England/Wales under the registration number 07104624, with a registered address at SP1 3TR, United Kingdom, Salisbury, Wiltshire, Scots House, 15 Scots Lane.

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