Norfolk Luxury Furniture Ltd

Norfolk Luxury Furniture Ltd is a small, active company based in Maidstone, UK, established two years ago. With £49,275 in assets and a real address, it operates as a solo-founded business with two directors and one owner (Ruddy Laura). The company runs an e-commerce site and enjoys a stellar 5.0 Google rating from 19 reviews. It’s an irregular importer, bringing in furniture, lighting, and prefabricated buildings, with the most recent import activity occurring in July 2024.

The company’s website showcases a curated selection of home décor, furniture, and lighting, with a focus on British craftsmanship and a distinct aesthetic. It also features a physical store located at Black Barn Farm, Norwich Road, Norwich, NR13 6QG, and offers interior styling services. Notably, the site highlights a partnership with Rhinofloor and other flooring brands, indicating a diversification into flooring solutions.

Financially, Norfolk Luxury Furniture Ltd presents a mixed picture. Current assets have increased by 86% to £49,000, while net assets have surged an impressive 170% to £7,300. Cash bank on hand has doubled to £1,100. However, trade debtors have risen dramatically by 450%, reaching £5,100, and creditors have increased by 480%, totaling £1,300. The company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). With no auditor mentioned, the financial statements are unaudited.

The company's growth in assets and net assets is encouraging, but the significant increase in debtors suggests potential challenges in collecting payments. It’s possible that the company is expanding its credit terms to attract more customers, or that it’s experiencing delays in receiving payments. The rise in creditors could be linked to increased inventory purchases to support sales growth. Overall, Norfolk Luxury Furniture Ltd appears to be a growing business, but it will need to manage its working capital effectively to sustain its momentum.

Registered in England/Wales under the registration number 14247961, with a registered address at ME17 4LT, United Kingdom, Maidstone, The Old Cottage The Green, Boughton Monchelsea.

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