Homestyle Furnishings Ltd.

Homestyle Furnishings Ltd, based in Dungannon, UK, is a small, active company founded six years ago. With five employees and £299,033 in assets, it’s a solo-founded operation run by a single director and owner. The company operates an e-commerce site, boasting a perfect 5.0 Google rating from 18 reviews. It’s a regular importer of furniture, lighting, and prefabricated buildings, with 52 months of import activity recorded.

The company’s website, Homestyle Furnishings, showcases a wide range of furniture, including bespoke sofas, mattresses, and dining sets. It also provides blinds and shutters, and even offers premium mattresses and beds. With two physical stores in Dungannon and Moy, the company emphasizes Irish-made suites, attention to detail, and reliable delivery services across Ireland and Northern Ireland. The site even has a section for design your own sofa.

Financially, Homestyle Furnishings Ltd shows a mixed picture. Current assets decreased by 15% to £300,000, while net assets remained steady at £230,000. Bank borrowings decreased by 1.1% to £13,000, and cash reserves plummeted 91% to just £5,100. Creditors decreased by 41% to £61,000, suggesting better 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 stay agile, but the sharp cash drop is concerning. It’s likely exempt from an audit as a small company, so the figures are unaudited.

The company’s average number of employees increased by 20% to six, which could be a reason for the decrease in cash reserves. It’s possible the company is investing in growth, but the declining cash position needs to be monitored. The company's financial instruments are growing, however.

Registered in Northern Ireland under the registration number NI661409, with a registered address at BT71 6AW, Northern Ireland, Dungannon, Co. Tyrone, Northland House, 2 Northland Row.

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