Ic Furniture Limited

Ic Furniture Ltd, based in Warwickshire, UK, is a small, active company founded fourteen years ago in 2010. Employing just four people, the business holds £315,292 in assets and operates from a real address on High Street. With two directors and two owners—Connell Ilya and Connell Natasha Clare—it's a family-run operation boasting a stellar 5.0 Google rating from two reviews. The company regularly imports machinery, boilers, and mechanical appliances, with its last import activity recorded three months ago.

Ic Furniture specialises in bespoke home design and interior design, operating from its Warwick showroom and offering services ranging from furniture creation to full-house design, both inside and out. The website highlights a focus on exceptional products sourced from top suppliers and a commitment to personalized service. Notably, it's also the world's first dedicated showroom for Komodo Kamado grills. The business operates in the electrical installation industries.

Financially, Ic Furniture Ltd’s report shows some interesting trends. Current assets decreased by 28%, dropping to £320,000, while net assets also declined, falling 37% to £260,000. Bank borrowings increased significantly, rising by 160% to £26,000, and cash reserves decreased by 43% to £70,000. Creditors, however, decreased by 51%, suggesting improved management of debts. The company meets two of the three conditions to be considered small—turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it's exempt from an audit, so the figures are unaudited.

The company’s recent increase in bank borrowing, despite a decrease in creditors, is something to keep an eye on. It's possible this is tied to investments in the Komodo Kamado showroom, or perhaps a strategic move to support growth. While the business enjoys a strong reputation and a loyal customer base, the financial data suggests it’s navigating a period of change and needs to keep a close watch on its cash flow.

Registered in England/Wales under the registration number 07338915, with a registered address at CV34 4AP, Warwickshire, 9 High Street.

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