Loom Loft Limited

Loom Loft Ltd from Accrington UK: a small, active company founded six years ago, employs 56 people, and holds £1,796,268 in assets. With a real address and five directors overseeing operations, the company is owned by two individuals, and boasts a stellar 5.0 Google rating from 339 reviews. It’s a regular importer of furniture, lighting, and prefabricated buildings, with 45 months of import activity recorded.

The company operates a network of furniture and interiors stores across Lancashire, including locations in Clitheroe, Preston, Lytham, and Bolton, as well as a clearance outlet in Batley. Its website showcases a wide range of products, from sofas and chairs to dining sets and occasional furniture, catering to both residential and commercial customers. The company also runs "The Loft Bistro" at its Clitheroe and Preston stores, offering breakfast, brunch, and light meals.

Financially, Loom Loft Ltd shows a mixed picture. Current assets increased by 36% to £1,800,000, while net assets grew by 60% to £540,000. Bank borrowings decreased by 36% to £18,000, and cash reserves increased by 74% to £330,000. However, trade creditors increased by 23%, suggesting potential payment pressures. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the rising creditors warrant monitoring. The company’s accounts are unaudited, as it is exempt from an audit as a small company.

The company’s growth in assets and cash reserves is encouraging, but the increase in creditors indicates a need to manage payments effectively. The company’s diverse revenue streams—retail stores, online sales, and the bistro—provide resilience, but the long-term success will depend on maintaining its reputation for quality and customer service.

Registered in England/Wales under the registration number 11605140, with a registered address at BB5 5JW, England, Accrington, Office 4 Junction 7 Business Park Blackburn Road, Clayton Le Moors.

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