Ideal Furniture Limited

Ideal Furniture Ltd from Maldon UK: a small holding company with an active status, has been operating for 63 years, founded back in 1961. The company holds £1,369,359 in assets and operates from a virtual address, managed by two directors and a single owner. It runs an e-commerce site and regularly imports furniture, lighting, and prefabricated buildings – a consistent pattern over the past 52 months, with the latest import in December 2024. Export activity is sporadic, with just two months of shipments recorded, the last in November 2024.

The company's website, Ideal Furniture World, showcases a wide range of furniture and flooring options, from dining sets to beds and Italian designs. It’s clearly geared towards online retail, with a user-friendly interface and a focus on product categories. The site highlights features like free local delivery, easy exchanges, and secure payments, alongside a showroom open seven days a week. Latest items include chairs, wardrobes, and bedside cabinets, while blog posts offer advice on choosing carpets and dining chairs.

Financially, Ideal Furniture Ltd presents a mixed picture. Accumulated depreciation for computer equipment has increased by 32%, while furniture fittings have seen a smaller rise of 75%. Bank borrowings have surged by 120%, reaching £22,000, and cash reserves have plummeted by 99%, leaving just £110. Creditors have decreased by 31%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Despite a decrease in current assets by 13%, net assets remain stable at £880,000.

While the company’s financials don’t suggest a crisis, the significant drop in cash reserves and the increase in bank borrowings warrant attention. The company's reliance on a virtual address and the lack of an auditor (likely due to its small size) means the financial data is unaudited. Overall, Ideal Furniture Ltd seems to be navigating a competitive market, leveraging its e-commerce platform and diverse product range, but needs to keep a close eye on its cash flow.

Registered in England/Wales under the registration number 00709962, with a registered address at CM9 8LZ, England, Maldon, Essex, Swiss House Beckingham Street, Tolleshunt Major.

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