Gresham Office Furniture Limited

Gresham Office Furniture Limited, based in Bolton, UK, is a sizable company with a 48-year history, currently employing 218 people and holding assets valued at £20,370,582. As a holding company with an active status, it’s a well-established player in the workspace furniture industry. The company, overseen by four directors and one owner, maintains a solid 4.0 Google rating based on 74 reviews, demonstrating customer satisfaction. Regular import and export activities, focusing on furniture, lighting, and prefabricated buildings (127 months imported, 81 months exported), highlight its international reach.

The company's website showcases its commitment to British design and manufacturing, crafting premium workspace furniture for nearly five decades. It offers a wide range of products, from beam seating to task visitor chairs, and even provides bespoke manufacturing services. The site emphasizes sustainability and local craftsmanship, appealing to businesses seeking ergonomic and collaborative workspaces. They have showrooms in London and Manchester, as well as a presence in Chicago, USA.

Looking at the financial data, Gresham Office Furniture Limited shows a mixed picture. While bank borrowings have increased significantly by 180%, reaching £1,600,000, cash reserves have decreased by 52% to £1,100,000. Finished goods and goods for resale have also fallen by 34%, indicating potential supply chain issues or reduced inventory levels. However, creditors have decreased by 23%, suggesting improved debt management. The company’s net assets remained relatively stable at £16,000,000. The company's turnover decreased by 7.3% to £19,000,000. The company is meeting two of three criteria to be considered a large company, with a turnover over £36 million, a balance sheet total over £18 million, and an average number of employees over 250. The unaudited financial statements were prepared by Azets Audit Services.

The increase in bank borrowings and decrease in cash reserves could indicate investments in growth or working capital needs, but it's worth noting that the company is facing increased administrative expenses. The decrease in turnover suggests a possible slowdown in demand or increased competition. Overall, Gresham Office Furniture Limited appears to be navigating a period of change, balancing investments in growth with the need to manage its financial resources.

Registered in England/Wales under the registration number 01284733, with a registered address at BL6 4SA, Bolton, Platinum Park, Lynstock Way, Horwich.

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