Novia Furniture Ltd
- Small
- Active
- 5 years
- 19 employees
- £1,818,156 (assets)
- Real address
- 1 director
- 1 owner
- Regular importer
- Irregular exporter
- Solo founder
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Novia Furniture Ltd from London UK: a small, active company founded five years ago, employs 19 people, and holds £1,818,156 in assets. It’s a solo founder operation with one director and a real address. The company regularly imports furniture, lighting, and prefabricated buildings—a whopping 137 months worth—while exporting these items irregularly, with just two months of activity recorded.
The company’s website showcases a retail operation specializing in furniture, with a particular focus on sofas. Customers can browse small two-seaters, three-seaters, corner sofas, and even relax corner options. The site also offers a selection of chairs, tables, and home decor items, with a section dedicated to living, dining, and bedroom furniture. Customer testimonials praise the sales staff's detailed explanations and the unique character of the sofas. The site also features a blog with articles on home decorating styles and furniture arrangement tips.
Financially, Novia Furniture Ltd shows a mixed picture. While current assets increased by 8.5% to £1,800,000, net losses deepened from -£35,000 to -£130,000. Bank borrowings surged by 36%, reaching £14,000, and cash reserves plummeted 84% to just £6,500. Creditors, however, decreased by 480%, 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) allows for flexibility, but the equity drop is concerning. The unaudited accounts, without an auditor mentioned, rely on director-reported data.
It seems Novia Furniture is navigating a period of growth and challenges. The company’s focus on unique furniture and customer service is a strength, but managing cash flow and maintaining profitability will be key to its long-term success.
Registered in England/Wales under the registration number 12444763, with a registered address at NW2 1LS, England, London, Unit G2, Brent South Shopping Park.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 5 years
- 1
- 75%+
- 🇬🇧
Resident of United Kingdom
Managers
-
Individual
- 5 years
- 2
- 🇬🇧
Resident of United Kingdom
Last reports
The latest confirmation statement submitted ten months ago.
Last news
-
Total exemption full accounts made up to 2024-02-29Download 8 pages pdf report
-
Registration of charge 124447630004, created on 2024-11-11Download 40 pages pdf report
-
Confirmation statement made on 2024-07-02 with no updatesDownload 3 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Novia Furniture Ltd
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