Leather Centre Furniture Ltd

Leather Centre Furniture Ltd, based in Oldham, UK, is a small, active company founded eight years ago. With a single director and owner—solo founder Pacyna Pawel—the business employs just one person and holds £39,369 in assets. It operates a thriving e-commerce site, earning a perfect 5.0 Google rating from 27 reviews. The company regularly imports miscellaneous metal items, with recent activity recorded three months ago.

The website showcases a wide range of furniture, from bedroom sets and dining benches to commercial reception desks and bespoke cinema seats. It emphasizes made-to-measure options, UK manufacturing, and a “safe checkout” with SSL encryption. Customer testimonials highlight fast delivery and high-quality products, with one customer even praising the finance options available. The site also features a blog with articles on topics like bespoke furniture and dining seating, demonstrating a commitment to expertise and customer engagement.

Financially, Leather Centre Furniture Ltd presents a mixed picture. While current assets remained stable at £51,000, net assets experienced a significant drop, plummeting 94% to just £1,000. Bank borrowings increased substantially, rising 170% to £47,000 within a year, and cash reserves decreased, though not dramatically. Creditors also increased significantly, rising 180% within a year. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the sharp decline in equity is concerning. No auditor is mentioned, likely due to the company’s exemption as a small entity, so the figures are unaudited.

The company's recent financial trends suggest it might be burning through cash, though it’s difficult to say for sure without more detailed information. The owner's solo management could be a strength in terms of agility, but it also means the business is heavily reliant on one person.

Registered in England/Wales under the registration number 10530763, with a registered address at OL1 3QB, England, Oldham, Britannia Mill Britannia Mill, Willow Street.

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