Multilines Commercial Limited

Multilines Commercial Ltd from Wembley UK: a small, family business, is active and was founded eleven years ago. With four employees and £84,678 in assets, it operates from a real address and is managed by three directors and two owners. Boasting a perfect 5.0 Google rating from eight reviews, the company is a regular importer of furniture, lighting, and prefabricated buildings, with twelve months of import activity recorded.

The company’s website reveals a long-standing tradition of bespoke furniture design and manufacturing, spanning over 40 years. Multilines provides furniture for residential, commercial, retail, healthcare, and industrial sectors, showcasing projects like reception areas, board rooms, and luxury cabinetry. It even offers CAD designs to help customers visualize their orders. Recent news highlights the introduction of Raumplus, a new range with various finishes, and a focus on providing speedy and cost-effective solutions.

Financially, Multilines Commercial Ltd’s recent report shows some concerning trends. Accumulated depreciation on furniture fittings rose by 21%, while motor vehicle depreciation increased significantly by 92%. Advances to directors decreased by 54%, and the number of employees dropped by half to just two. Bank borrowings decreased by 19%, but creditors surged by 130% within the last year. Current assets increased by 71%, but net assets plunged by 110% to a negative £110,000. The company’s small size—meeting two of three criteria for a small business—allows for agility, but the sharp decline in equity warrants attention. The report, unaudited as a small company, doesn’t mention an auditor.

Despite these financial pressures, Multilines Commercial Ltd appears to be maintaining its reputation for quality and service, as evidenced by its high Google rating and ongoing projects.

Registered in England/Wales under the registration number 09036809, with a registered address at HA0 1JW, Wembley, Middlesex, Unit 1 255 Water Road.

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