Hydeline Furniture Ltd

Hydeline Furniture Ltd from Milton Keynes UK: a small, active company founded eleven years ago, employs eighteen people, and holds assets worth £1,981,550. It's a solo-founder operation managed by three directors and one owner. The company regularly imports furniture, lighting, and prefabricated buildings – fourteen months of import activity recorded – and exports special woven and decorative fabrics for three months.

Hydeline Furniture Ltd operates as a furniture wholesaler, with a physical store in Stacey Bushes, England. The company’s website, Davies and Davies Furniture West Wales Furniture Centre, showcases a wide range of products, including beds, dining sets, living room furniture, and office equipment. The site emphasizes competitive prices, free local delivery within 50 miles, and a long-standing reputation – over 62 years in the furniture industry. It also features a blog, customer testimonials, and links to social media platforms. The website seems to be the primary sales channel, with a strong focus on online presence.

Financially, Hydeline Furniture Ltd presents a mixed picture. Current assets decreased by 20% to £2,000,000, while net assets dropped significantly by 93% to -£220,000. Bank borrowings increased by 390% to £60,000, and cash reserves fell by 67% to £230,000. Creditors increased by 48% to £2,200,000, suggesting the company is relying more on credit. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the substantial equity decline raises concerns. The company was audited by an unnamed firm, and the financial statements are unaudited.

Overall, Hydeline Furniture Ltd is facing financial pressures despite its established brand and online presence. The company’s ability to manage its increased debt and restore equity will be crucial for its long-term success.

Registered in England/Wales under the registration number 08877651, with a registered address at MK12 6HS, England, Milton Keynes, Buckinghamshire, 11 Erica Road, Stacey Bushes.

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