Mi Home1 Furniture Limited

Mi Home1 Furniture Ltd, based in London, UK, is a small, active company founded six years ago. With five employees and £87,643 in assets, it’s a solo-founder operation led by a single director and owner. The company enjoys a stellar 5.0 Google rating from 82 reviews. It’s an irregular importer of furniture, lighting, and prefabricated buildings, with just one month of imports recorded as of December 2024.

The company operates as agents involved in the sale of furniture, household goods, hardware, and ironmongery. It seems to primarily function as a WhatsApp business, with its website consisting solely of WhatsApp contact information and features. There’s no e-commerce presence or product listings—suggesting a focus on direct customer interaction and perhaps bespoke sourcing or personalized service. It’s a small business, meeting two of three conditions for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Mi Home1 Furniture Ltd shows some positive trends. Cash bank on hand increased by 11% to £33,000, and current assets grew by 16% to £88,000. Trade debtors also increased by 34% to £6,500, which could indicate expanding sales. However, creditors rose by 11% to £45,000, and accumulated depreciation increased by 14%. Equity, however, saw a significant jump, increasing by 81% to £16,000. The company's small size allows it to be flexible, but the increase in creditors suggests a need to manage cash flow effectively. No auditor is mentioned, which is common for small, exempt companies. The company’s growth is a bit slow, but it’s holding steady.

Registered in England/Wales under the registration number 11810509, with a registered address at NW8 8TS, United Kingdom, London, Westminster, 11 Swain Street, 54 Padbury House.

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