Mpd Furniture Ltd

Mpd Furniture Ltd from Magherafelt UK: a small, active company founded five years ago, employs five people, and holds £1,099,995 in assets. It’s a solo-founded operation with three directors, and the business operates as a regular importer of furniture, lighting, and prefabricated buildings—with three months of import activity recorded as of September 01, 2024. The company's real address is at 2a Moss Road, and it’s likely real as only one other company is registered there.

The company’s website, mpdfurniture.net, positions itself as a wholesaler catering to retailers. It offers a wide range of furniture, including bedroom sets, dining tables, and occasional pieces, and even provides a drop-shipping service. The site highlights over 30 years of experience in the furniture industry and emphasizes a commitment to providing great value for money. There's a customer service team with a phone number and email address, and the site includes a login area for existing customers.

Financially, Mpd Furniture Ltd shows a mixed picture. Cash reserves increased by 25% to £580,000, which is good news, but trade debtors fell by 31% to £61,000. Creditors, however, rose by 13% to £1,100,000, and net assets decreased by 1.7% to £27,000. Bank borrowings remained steady at £500,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decrease in net assets is something to keep an eye on. The company is likely exempt from an audit as a small company, so the figures are unaudited.

The company’s significant increase in fixed assets—rising by 900% to £48,000—suggests investment in plant and machinery, which could be a sign of expansion or modernization. The decrease in net current assets, however, indicates a potential cash flow challenge. It’s worth noting that the company's net losses deepened from -£10,000 to -£23,000.

Registered in Northern Ireland under the registration number NI669373, with a registered address at BT45 6LJ, Northern Ireland, Magherafelt, 2a Moss Road.

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