Hull Furniture Ltd

Hull Furniture Ltd is a small, active company based in Hull, UK, founded five years ago in 2019. With £153,383 in assets and a real registered address, it's a relatively lean operation, employing just seven people and managed by one director and owner. The company is a regular importer, specializing in furniture, lighting, and prefabricated buildings, with 19 months of import activity recorded, the latest in March 2024.

The company’s website, Hull Furniture, suggests a focus on kitchen furniture, other furniture, and retail sales of lighting and similar items. It’s unclear if the website is fully functional or actively used for e-commerce, but it does present a professional image.

Financially, Hull Furniture Ltd presents a mixed picture. Current assets increased by a solid 38% to £150,000, which is good news, but equity took a hit, dropping 12% to -£41,000. Bank borrowings decreased slightly by 11% to £45,000, and cash reserves saw a remarkable 200% increase to £3,400. Creditors also increased by 8.6% to £120,000, which could be due to increased stock levels to meet demand. The company meets two of three conditions to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is likely due to its small size and exemption from an audit.

The increase in current assets is encouraging, but the negative equity suggests the company is burning through cash. The decrease in bank borrowings is a positive sign, but the rise in creditors indicates a need to manage supplier relationships carefully. It's possible the company is reinvesting in its business to fuel growth, but close monitoring of cash flow will be essential.

Registered in England/Wales under the registration number 12309084, with a registered address at HU8 8HL, England, Hull, Unit C6 Chamberlain Road, Base Business Space.

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