Mex Furniture Ltd

Mex Furniture Ltd, based in Daventry, UK, is a small, active company established eleven years ago. With five employees and £717,516 in assets, it operates from a real address and is managed by two directors and owners. The company regularly imports furniture, lighting, and prefabricated buildings – a consistent stream of imports spanning 17 months, with the latest activity recorded in February 2025. Its core business involves retail of furniture, lighting, and similar items in specialized stores.

The company’s website is currently unavailable, so it’s difficult to determine the extent of its e-commerce operations. However, the business model suggests a blend of wholesale and retail, potentially supplying businesses as well as selling directly to consumers.

Financially, Mex Furniture Ltd presents a mixed picture. Cash reserves have surged a remarkable 1,400%, reaching £68,000 – a positive sign of improved liquidity. However, current assets have increased by 30% to £720,000, while debtors have also risen by 25% to £250,000, suggesting a possible reliance on credit sales. Equity has grown significantly by 38% to £530,000, reflecting retained earnings, but creditors have also increased by 12% to £200,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in both debtors and creditors warrants attention. The accounts are abridged and unaudited, and no auditor is mentioned, which is common for small companies.

The substantial growth in cash reserves is encouraging, but the rise in outstanding debts could indicate a need to manage working capital more effectively. The company's continued import activity suggests a focus on sourcing and supplying furniture, and the growth in equity points to a profitable year.

Registered in England/Wales under the registration number 08555092, with a registered address at NN11 4HB, England, Daventry, Northamptonshire, 26 High March, High March Industrial Estate.

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