Montrose Furniture Limited

Montrose Furniture Ltd from Pinner UK: small company, holding company, active status, founded 31 years ago, 26 employees, £568,632 assets, virtual address, 2 directors, 1 owner. Regular importer of miscellaneous metal items (17 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the manufacture of other furniture industries. Officially, it has one owner or PSCs, two directors, and twenty six employees.

The company is a regular importer, with its top import category being Miscellaneous metal items, totaling 17 months of imports. The last import operation was conducted on October 01, 2022. While the website isn't available, it's likely that Montrose Furniture Ltd focuses on wholesale or business-to-business sales rather than direct consumer retail. It’s possible they supply furniture components or materials to larger manufacturers.

Financially, Montrose Furniture Ltd presents a mixed picture. While current assets are at £530,000, they’re down 6.2% from the previous year. Bank borrowings have dropped to zero, a positive sign, and cash reserves have fallen to £14,000. Trade debtors have also decreased, suggesting improved collection of payments. However, net losses deepened to -£23,000, and creditors increased by 9.3%. The company's equity has also seen a significant increase of 30%. The fact that the accounts are unaudited, and the company is exempt from publishing a profit and loss account, means the figures are self-reported, which is common for small companies. The accounts were signed off by Pierre Yat Keung Leong, and the auditor was Morgan Berkeley Limited. It’s likely that the company is navigating a challenging economic climate, and the decrease in assets and cash reserves may reflect increased costs or reduced sales.

Registered in England/Wales under the registration number 02931733, with a registered address at HA5 3LA, England, Pinner, Westgate Chambers, 8a Elm Park Road.

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