Hi Furniture Limited

Hi Furniture Limited, based in Newport, UK, is a small, active company founded 16 years ago. With two employees and £171,259 in assets, it operates from a real address and is overseen by five directors and one owner. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with the last import activity occurring one month ago in November 2023.

The company’s website describes Hi Furniture as a professional commercial furniture consultancy, working with architects, interior designers, and direct clients. It prides itself on providing individual furniture solutions that are flexible, cost-effective, and ergonomic. The company operates from 9 Abbey Court, High Street, Newport, and its services include supply and installation nationwide.

Financially, Hi Furniture Limited presents a mixed picture. Current assets have decreased by 32% to £170,000, while net assets have fallen by 36% to £140,000. Cash bank on hand has also dropped significantly by 33% to £82,000. On a positive note, creditors have decreased by 27%, suggesting improved debt management. The company’s small size—meeting two of three conditions for being classified as small—helps it remain adaptable, but the decline in equity raises concerns. Cash bank on hand has decreased by 33% to £82,000. The company’s director remuneration has also decreased by 7.2% to £12,000. With no auditor mentioned, the financial information is unaudited.

Registered in England/Wales under the registration number 06741514, with a registered address at TF10 8JG, Newport, 31 Bayley Hills, Edgmond.

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