Island Furnishing Ltd

Island Furnishing Ltd, based on the Isle of Wight, UK, is a small, active company established nineteen years ago in 2006. With two employees and £139,649 in assets, it’s a modest operation run by a solo founder and two directors who are also the owners. The company’s registered address is real, with only two other companies registered there. It’s been importing furniture, lighting, and prefabricated buildings irregularly, with the last import activity occurring in March 2022.

The company operates in the retail of furniture, lighting, and similar items, and its website, while not actively used for e-commerce, showcases a range of products. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Island Furnishing Ltd presents a mixed picture. Cash bank on hand increased significantly by 110%, rising to £83,000, which is a good sign. However, trade debtors decreased by a substantial 47%, dropping to £30,000, which could indicate issues with customer payments. Creditors increased by 12%, reaching £66,000, and net assets rose by 24% to £73,000. Plant machinery saw a 23% decrease, dropping to £8,100. The company’s small size allows for agility, but the changes in debtors and creditors suggest a need for careful financial management. The company is not audited, and the figures are unaudited.

Registered in England/Wales under the registration number 05666306, with a registered address at PO36 9JP, Isle Of Wight, 16c Sandown Road, Lake Sandown.

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