Majestic Furnishings Limited

Majestic Furnishings Ltd from Dewsbury UK: a small, active company founded 15 years ago, employs nine people, and holds £1,371,279 in assets. It’s a family business with a real address and operates an e-commerce site, regularly importing furniture, lighting, and prefabricated buildings—a trend spanning 13 months, with the last import occurring in January 2023. The company is managed by two directors and owned by Patel Sajid and Patel Siraj.

The Majestic Furnishings website showcases a wide range of furniture, specializing in bed frames (drawer, fabric, leather, and more) alongside rattan and bedroom furniture sets. It also offers a selection of sofas and provides customer service information, payment options, and delivery details. The site’s design is clean and functional, with a focus on product presentation and easy navigation. It also has a search function and privacy settings.

Financially, Majestic Furnishings Ltd exhibits some concerning trends. While the company is small, meeting two of three criteria for a small company, its net assets decreased by 2.3% to £400,000. Bank overdrafts were reduced by 22% to £150,000, which is a positive sign. However, trade debtors decreased by 42%, and current assets fell by 11%, indicating potential issues with collecting payments or managing inventory. The company's reliance on trade creditors also increased, suggesting it may be stretching its payment terms. There’s no auditor mentioned, which is likely due to its small size and exemption from an audit.

Overall, Majestic Furnishings Ltd appears to be navigating a period of financial pressure. While it maintains a solid online presence and continues to import goods, the decline in key financial metrics warrants close monitoring.

Registered in England/Wales under the registration number 07161296, with a registered address at WF13 2BE, England, Dewsbury, Unit A Majestic Building, Meadow Lane.

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