Leather Sofa Company Limited

Leather Sofa Company Limited, based in Swansea, UK, is a small, active business founded 21 years ago. With seven employees and £750,611 in assets, it operates as a regular importer of furniture, lighting, and prefabricated buildings, with 44 months of import activity recorded. The company boasts a solid Google rating of 4.0 based on 63 reviews, and has five directors and one owner, Dark Jeffrey Sean.

The company’s website highlights a focus on quality Italian leather sofas, with a "superstore" offering "unbeatable sofa and bed offers." A significant clearance sale is underway, aiming to clear 200 suites with discounts up to 65%. The site also promotes a "premium" range and a "new online range" with the promise of online ordering soon. Customers are encouraged to visit the Swansea store or one of two other locations in Cardiff for expert advice.

Financially, Leather Sofa Company Limited’s recent performance shows some concerning trends. Current assets have decreased by 23%, dropping to £750,000, while net assets have remained relatively stable at £540,000. Bank borrowings have decreased by 41%, and cash reserves have fallen by 36%, settling at £190,000. Creditors have also significantly decreased by 52%, which could indicate improved debt management. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it is exempt from an audit, and the figures are unaudited.

The decrease in assets and cash reserves, while creditors have decreased, suggests the company may be facing some financial pressure, potentially burning through cash to maintain sales during the clearance event. The reliance on sales and promotions, as evidenced by the ongoing clearance, could indicate a need to generate revenue quickly.

Registered in England/Wales under the registration number 04823687, with a registered address at SA6 8JG, Swansea, Unit 4 & 5, Beaufort Court Beaufort Road.

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