New Concept Furnishings Limited

New Concept Furnishings Ltd from Ilford UK: a small, active company founded 11 years ago, employs 24 people, and holds £2,641,604 in assets. It operates from a virtual address, is led by three directors and owned by three individuals, and is a family business with a Google rating of 4.0 based on 14 reviews. The company regularly imports furniture, lighting, and prefabricated buildings—five months worth, with the last import occurring in August 2019.

The company’s website showcases its focus on providing furnishing solutions for London property, targeting landlords, developers, letting agents, and homeowners. It offers predesigned and customized packages, interior design services, window coverings, and even show apartment design. NCF has cultivated strong relationships with London’s property developers and letting agents, leveraging its expertise in soft furnishings. The site highlights its ability to transform spaces and offers a range of services, including landlord furniture packages, tailored packages, and luxury interior design. Testimonials from satisfied clients, like David G, Sales Director, emphasize the company’s efficiency and professionalism.

Financially, New Concept Furnishings Ltd presents a mixed picture. While current assets are down 8% to £2,600,000, trade debtors have increased significantly by 620%, reaching £1,400,000. Creditors have also increased by 160%, rising to £98,000. The company’s net losses deepened, and bank borrowings surged, suggesting a need for careful cash flow management. The company’s small size (meeting two of three conditions for being classified as small) allows for agility, but the increased debt levels are something to watch. No auditor is mentioned, which is likely due to the company being exempt as a small entity.

Overall, New Concept Furnishings Ltd appears to be a well-established, family-run business navigating the challenges of a competitive market. While its financial performance shows some strain, its strong customer relationships and focus on providing comprehensive furnishing solutions position it for continued success.

Registered in England/Wales under the registration number 08874805, with a registered address at IG2 6YE, England, Ilford, Essex, 11 Rosedene Gardens.

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