Ideal Carpets And Furniture Limited

Ideal Carpets and Furniture Ltd, based in Leeds, UK, is a small, holding company with an active status. Founded two years ago in December 2022, the company employs eleven people and holds £475,725 in assets. It has a real registered address and is managed by two directors and one owner. Google reviews are stellar, boasting a 5.0 rating from 302 reviews. The company regularly imports furniture, lighting, and prefabricated buildings—eight months of import activity recorded, the latest in November 2024.

The company’s website, Ideal Furniture World, showcases a wide range of furniture, from carpets and flooring to beds, sofas, and dining sets. It operates an e-commerce site, offering a diverse selection of products and catering to various tastes and budgets. The website emphasizes free local delivery, easy exchanges, and secure payments, and even has a showroom open seven days a week. The site's layout suggests a focus on visual appeal and ease of navigation, with clear product categories and high-quality images.

Financially, Ideal Carpets and Furniture Ltd shows some concerning trends. While current assets increased by 8.5% to £480,000, net assets increased by a staggering 710%, jumping to £230,000. Bank borrowings increased by 9.3% to £610,000, and cash reserves decreased by 22% to £110,000. Creditors decreased by 7.9% to £940,000. 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 nimble, but the increased bank borrowings suggest a need for careful cash flow management. The company is exempt from an audit, so the figures are unaudited.

The company’s average number of employees has increased by 82%, from eleven to twenty, which could be a sign of growth or a need to manage costs effectively. Overall, Ideal Carpets and Furniture Ltd appears to be a growing business facing some financial pressures, but its strong online presence and positive customer reviews suggest a solid foundation for future success.

Registered in England/Wales under the registration number 14524949, with a registered address at LS8 3QE, England, Leeds, Unit 1, 161 Harehills Lane.

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