Homeplus Furniture Limited

Homeplus Furniture Ltd from Folkestone UK is a small, active company founded fifteen years ago. With twenty-four employees and £546,083 in assets, it operates from a virtual address, a detail that’s a little unusual given that 122 companies are registered at the same location. The business is led by three directors and owned by two individuals, and it runs an e-commerce site. Homeplus Furniture is a regular importer of furniture, lighting, and prefabricated buildings, with 240 months of import activity recorded.

The company’s website showcases a wide range of furniture, from bedroom sets to office chairs, and homeware items. It’s clearly focused on offering a diverse selection of hardwood furniture, with a strong emphasis on collections like Ashton and Brighton. The site also highlights seasonal promotions, like early bird discounts on garden furniture, and offers a blog with design tips and inspiration. It’s a well-designed site, aiming to create a welcoming online shopping experience.

Financially, Homeplus Furniture Ltd presents a mixed picture. While current assets increased by 8.6% to £550,000, net assets jumped a significant 97% to £170,000. However, bank borrowings decreased by 37% to £17,000, and cash reserves fell 6.9% to £300,000. Trade debtors rose by 58% to £190,000, which could indicate an increase in sales but also a potential challenge in collecting payments. Creditors also increased by 57% to £300,000. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited, as the company is exempt.

Overall, Homeplus Furniture Ltd seems to be in a reasonably healthy position, with growing assets and equity. However, the increase in trade debtors warrants attention, and the company will need to manage its cash flow effectively to sustain its growth. The virtual address, while not necessarily a negative, is something to keep an eye on.

Registered in England/Wales under the registration number 06975492, with a registered address at CT19 4RH, England, Folkestone, Kent, C/O Xeinadin South East Limited Unit 68 Basepoint, Shearway Business Park.

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