Gloucester & Worcester Furniture Limited

Gloucester & Worcester Furniture Limited is a small, holding company with an active status, established 52 years ago in 1973. Based in Worcester, the company employs 12 people and holds assets totaling £537,790. It operates from a real address and is overseen by four directors and two owners. Google reviews are stellar, boasting a 5.0 rating from 35 reviews. The company regularly imports furniture, lighting, and prefabricated buildings – a total of 47 months of import activity.

The company’s website showcases a wide range of furniture, from sofas and beds to living, dining, and bedroom sets, alongside a selection of brands like Alstons, Ercol, and Stressless. It appears to operate primarily through its website, offering a range of options for customers to browse and purchase. The site also includes a cookie management tool, allowing users to control their privacy preferences.

Financially, Gloucester & Worcester Furniture Limited presents a mixed picture. While current assets decreased by 3.2% to £540,000, bank borrowings increased significantly by 56% to £32,000. Cash reserves have also seen a dramatic decline, falling 99% to just £350. Creditors, however, decreased by 5.7% to £310,000, suggesting some improvement in managing short-term liabilities. The company’s size—meeting two of three conditions for a small company—allows for flexibility, but the sharp drop in equity (4.8% to £400,000) is a cause for concern. The unaudited financial statements, without an auditor mentioned, rely on director-reported data.

The company’s net losses deepened, while cash reserves plummeted 71% to just £4,100. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000.

Registered in England/Wales under the registration number 01089916, with a registered address at WR1 2DR, 6/9 Cornmarket, Worcester.

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