Newport Furnishers Limited

Newport Furnishers Limited, based in Newport, UK, is a small, active company established 54 years ago in 1970. With 36 employees and £1,561,566 in assets, it’s a long-standing fixture in the furniture retail landscape. The business operates from a real address on George Street and is led by four directors, with Dorothy Sheppard as the sole owner. A Google rating of 4.0 from 272 reviews suggests a positive customer experience, and the company runs an e-commerce site. Newport Furnishers regularly imports furniture, lighting, and prefabricated buildings, with 70 months of import activity recorded.

The company’s website, George Street Furnishers, showcases a vast selection of furniture, carpets, beds, and more, spread across three floors of its Newport superstore. It also offers hot tubs, waterbeds, and even a coffee shop, alongside kitchen and bathroom displays. The site highlights a 30-year history and emphasizes quality, competitive pricing, and financing options. It’s clear that Newport Furnishers aims to be a one-stop shop for home furnishings.

Financially, Newport Furnishers shows a mixed picture. Current assets declined by 13% to £1,600,000, while net assets decreased slightly to £1,700,000. Bank borrowings increased by 100% to £29,000, and cash reserves fell by 19% to £850,000. Creditors decreased by 29% to £600,000, suggesting improved debt management. 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 remain flexible. However, the increase in bank borrowings and decrease in cash reserves could indicate tighter margins. No auditor is mentioned, likely due to its status as a small company. Overall, Newport Furnishers appears to be a stable, long-standing business, but it’s facing some financial pressures.

Registered in England/Wales under the registration number 00985289, with a registered address at NP20 1EN, Newport, Gwent, 19-24 George Street.

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