Global Furniture Shop Ltd

Global Furniture Shop Ltd, based in Leicester, UK, is a small, family-run business with an active status. Founded twelve years ago in 2012, it employs nine people and holds £552,066 in assets. Operating from a virtual address—where 112 companies are registered, suggesting a shared space—the company is managed by two directors and two owners. It runs an e-commerce site and is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with the last import activity recorded two months ago in 2022.

The company’s website showcases a wide range of furniture styles, from rustic oak to contemporary designs, catering to bedroom, dining, and living spaces. It offers free local delivery for GL postcodes and emphasizes direct importing to save customers money. The site also highlights a showroom near Stonehouse, filled with hardwood furniture and stylish armchairs. It’s clear the business is focused on providing a diverse selection of furniture, with an emphasis on quality and direct-to-consumer pricing.

Financially, Global Furniture Shop Ltd presents a mixed picture. While current assets increased by 15% to £550,000, net assets only rose by 11% to £13,000. Bank borrowings remained steady at £1,800, but cash reserves jumped significantly by 870% to £15,000. Trade creditors increased substantially by 110% to £80,000, suggesting a need to manage supplier payments more closely. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the rise in creditors could indicate growing operational costs. There’s no auditor mentioned, consistent with being a small company exempt from an audit.

Overall, Global Furniture Shop Ltd appears to be navigating a period of growth, but it’s important to monitor its debt management and ensure its operational costs are sustainable. The family-run nature of the business, combined with its focus on direct importing, could be key to its long-term success—but the rising creditors are something to keep an eye on.

Registered in England/Wales under the registration number 08213662, with a registered address at LE5 4LE, Leicester, 109 Coleman Road.

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