Futura Direct Ltd

Futura Direct Ltd is a small holding company based in Adwick-Le-Street, UK, with an active status. Established eighteen years ago in November 2006, it employs nineteen people and holds £4,140,751 in assets. The company operates from a real address and is managed by four directors and one owner. It runs an e-commerce site and regularly imports and exports machinery, boilers, and mechanical appliances, parts.

The company’s core business revolves around retail, with a wide range of products available through its online store. These include electric heaters, blankets, DIY tools, garden equipment, and air beds. The website showcases a diverse selection, from cozy throws to essential safety gear, catering to both home and industrial needs. A notable feature is the availability of spare parts and accessories for many of its products, demonstrating a commitment to customer support and longevity.

Financially, Futura Direct Ltd presents a mixed picture. While current assets remain relatively stable at £4,100,000, bank borrowings have increased significantly by 1700%, reaching £18. Creditors have also risen by 7.7%, indicating a possible need to manage short-term liabilities. The company’s net assets, however, have grown by 3.1%, suggesting a positive overall trend in equity. Cash reserves have decreased by 25%, which is a concern. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 21 employees) allows for flexibility, but the increase in bank borrowings warrants attention. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

The increase in bank borrowings and the decrease in cash reserves are notable trends, potentially reflecting investments in inventory or marketing efforts. The company's continued focus on e-commerce and its diverse product range suggest a strategy of catering to a broad customer base. The company’s long-standing presence in the market, combined with its online sales platform, positions it well for future growth, though careful management of its finances will be crucial.

Registered in England/Wales under the registration number 06002494, with a registered address at DN6 7AY, England, Adwick-Le-Street, Unit 8 Quantum Court Adwick Enterprise Park, Church Lane.

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