La Galleria Furniture Limited

La Galleria Furniture Ltd from Benfleet UK is a small, active company founded nineteen years ago. Employing forty-one people, it holds assets valued at £1,500,201 and operates from a real address. The business is a family affair, managed by one director and two owners, and regularly imports furniture, lighting, and prefabricated buildings—a total of 120 months of imports recorded. It operates in the agents involved in the sale of furniture, household goods, hardware and ironmongery industries.

The company’s website is currently unavailable, so it’s impossible to assess its online presence or e-commerce activities.

Financially, La Galleria Furniture Ltd’s recent performance shows some concerning trends. Current assets have decreased by 11% to £1,500,000, while net assets have fallen 12% to £620,000. Bank borrowings have risen significantly, increasing by 2,400% to £29,000, and cash reserves have dropped by 26% to £360,000. Creditors have also decreased by 13%, which could indicate improved debt management. The company’s small size—meeting two of three conditions for being a small company—allows for agility, but the decline in equity raises questions about its financial health. No auditor is mentioned, which is likely due to the company’s exemption as a small company.

The company’s reliance on regular imports, particularly in furniture and lighting, suggests a supply chain-dependent business model. The recent surge in bank borrowings, however, might indicate a need for additional capital to support operations or potentially, a need to manage cash flow.

Registered in England/Wales under the registration number 05756576, with a registered address at SS7 3NZ, Benfleet, Essex, 48-50 Stadium Way, Stadium Trading Estate.

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