Lords Furniture Ltd

Lords Furniture Ltd, based in Birmingham, UK, is a small, active company founded seven years ago. With six employees and £376,543 in assets, it operates from a virtual address and is led by four directors and one owner. The company boasts a stellar 5.0 Google rating from 92 reviews and runs an e-commerce site, regularly importing furniture, lighting, and prefabricated buildings – though only for a month at a time, with the latest import occurring in September 2024.

The company primarily focuses on retail sales of carpets, rugs, wall coverings, and furniture, operating in a competitive market. Its online presence suggests a modern, customer-focused approach, though the virtual address raises questions about its physical operations. The presence of a dedicated e-commerce site indicates a focus on online sales, likely targeting a broader customer base beyond Birmingham.

Financially, Lords Furniture Ltd presents a mixed picture. Cash bank on hand has seen a significant boost, increasing by 95% to £270,000 – a positive sign of improved liquidity. However, creditors have also risen by 34% to £210,000, suggesting increased reliance on short-term financing. The company’s equity, however, has seen a substantial increase of 76%, reaching £180,000, likely due to retained earnings. While trade debtors have decreased by 52%, it's not clear if this is a result of improved collections or a slowdown in sales. The company’s small size—meeting two of three conditions for being classified as small—allows for flexibility, but the fluctuating figures warrant close monitoring. The absence of an auditor, typical for small companies, means these figures are unaudited.

Overall, Lords Furniture Ltd appears to be navigating a dynamic market. The increased cash reserves and improved equity are encouraging, but the rising creditors and fluctuating debtors require careful management. The company's online presence and positive customer reviews suggest a strong foundation, but its long-term success will depend on maintaining financial stability and adapting to changing market conditions.

Registered in England/Wales under the registration number 10981255, with a registered address at B3 1QS, United Kingdom, Birmingham, C/O Holder Blackthorn Llp Studio 2, 50-54 St Pauls Square.

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