Harmony Furnishings Limited

Harmony Furnishings Limited, based in Wolverhampton, UK, is a small, holding company with an active status. Founded fifteen years ago in 6 September 2009, the company employs just two people and holds £1,227,056 in assets. It has four directors and one owner, with a real registered address and operates as a regular importer of furniture, lighting, and prefabricated buildings, with eighteen months of import activity recorded, the latest in July 2024.

The company’s website, Harmony Furnishings, positions itself as a leading supplier of ready-to-assemble furniture and storage solutions, primarily serving trade customers. It emphasizes sustainably sourced materials, quality guarantees, and a large UK stock holding, offering a DHD service. The website highlights a focus on bedroom furniture, with a wide range of wardrobes and chest of drawers. It was founded in 2008 to supply quality, affordable, ready-to-assemble furniture to retailers, e-commerce businesses, landlords, and property management companies. The company even has a showroom available by appointment.

Financially, Harmony Furnishings Limited shows a mixed picture. Current assets increased by 48% to £1,200,000, while net assets increased by 21% to £570,000. Cash bank on hand increased by 19% to £590,000, and trade debtors increased by a significant 81% to £510,000. Creditors, however, decreased by 17%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the increase in debtors could indicate some payment delays. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Harmony Furnishings Limited appears to be holding its own, with a growing asset base and healthy cash reserves. The focus on trade customers and efficient supply chain management seems to be paying off, but keeping a close eye on debtor collection will be important for continued financial stability.

Registered in England/Wales under the registration number 07029663, with a registered address at WV1 2ES, Wolverhampton, West Midlands, Ideal House, Lower Walsall Street.

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