M. Sadiq Furniture Limited

M. Sadiq Furniture Ltd, based in Highbridge, UK, is a small, active company founded 27 years ago. With 54 employees and £1,545,208 in assets, it’s a well-established business. Two directors and one owner manage the operations, all from a real address. The company regularly imports and exports furniture, lighting, and prefabricated buildings – 66 months of import activity and 23 months of export activity, with the most recent in February 2025.

The company’s core business revolves around wholesale of household goods, operating from Units 1 - 4 Commerce Way, Walrow Industrial Estate. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. Its website, M Sadiq Furniture, showcases a range of furniture and related products, suggesting a focus on supplying retailers or businesses rather than direct consumer sales. While no e-commerce functionality is immediately apparent, the site’s presence indicates a modern approach to marketing.

Financially, M. Sadiq Furniture Ltd presents a mixed picture. Accumulated depreciation on plant machinery increased by 5%, while a decrease of 16% was observed on vehicles. Bank borrowings decreased by 5%, and cash bank on hand increased by a significant 30% to £410,000. Creditors also decreased by 4%, suggesting improved debt management. However, retained earnings decreased by 7%, and net assets dropped by 7%. Trade debtors decreased by 4%, while bank overdrafts remained steady. The company’s small size allows for flexibility, but the decrease in equity warrants further investigation. The accounts are unaudited, a common occurrence for small companies, and no auditor is mentioned.

Overall, M. Sadiq Furniture Ltd appears to be navigating a competitive market. While its financial health isn’t dramatically concerning, the decrease in equity suggests a need for careful monitoring. The company’s long-standing presence and regular import/export activity indicate a resilient business model, but the changing market conditions may require adjustments to ensure continued success.

Registered in England/Wales under the registration number 03548944, with a registered address at TA9 4AG, England, Highbridge, Somerset, Units 1 - 4 Commerce Way, Walrow Industrial Estate.

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