Futon Limited

Futon Limited, a London-based company established forty years ago, is a sizable player in the furniture industry. With 114 employees and £6.4 million in assets, the business generates a revenue of £17.4 million annually. The company, which has six directors and two owners, operates an e-commerce site and regularly imports and exports furniture, lighting, and prefabricated buildings—a total of 567 months of imports and 17 months of exports. It has a 3.0 Google rating based on just nine reviews.

The company's website highlights its expertise in small space furniture, offering a wide range of products from sofa beds to storage solutions. It even has a section dedicated to garden furniture and home office essentials. The site’s design suggests a focus on modern, practical designs.

Financially, Futon Limited shows some concerning trends. While cash and bank balances increased by 1.4% to £2.4 million, accrued liabilities deferred income decreased by 9.7% to £640,000. Administrative expenses rose significantly by 50% to £4.3 million, and director remuneration increased dramatically by 300% to £1 million. Net assets decreased by 18% to £4.1 million. The company’s average number of employees increased by 3.5% to 120, which could be a factor in the rising administrative costs. It’s worth noting that the company’s tax rate increased by 29% to 24%.

The company's audit fees remained constant at £18,000. The increase in director remuneration, alongside the decrease in net assets, could indicate a shift in priorities or increased investment in management. The company's continued focus on imports and exports, despite the financial pressures, suggests a commitment to its core business model. The lack of a detailed breakdown of sales by region means it’s difficult to assess the company’s geographic exposure.

Registered in England/Wales under the registration number 01848362, with a registered address at E4 9JG, England, London, Unit A2 Circular Point, Hickman Avenue.

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