Nu-life Furnishings Ltd

Nu Life Furnishings Ltd, based in Woodbridge, UK, is a small, active company founded eight years ago. With four employees and £39,097 in assets, it operates as a solo-founded venture overseen by three directors and one owner. The company has a real address and a Google rating of 3.0 based on five reviews. It’s an irregular importer, primarily dealing with miscellaneous metal items, with its last import activity recorded two months ago in June 2023. The company’s operations fall under the "other service activities n.e.c." industries.

The company's website is non-existent, so it's difficult to determine the extent of its online presence or e-commerce activities. It appears to be a local business focused on physical sales and services.

Financially, Nu Life Furnishings Ltd presents a mixed picture. While bank balances increased by a modest 14% to £57, current assets decreased by 21% to £39,000. Creditors decreased by 24%, but net assets plummeted by 92% to -£19,000, a significant drop. Future minimum lease payments have increased dramatically, rising to £27,000, which could strain cash flow. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the decline in equity is concerning. There's no auditor mentioned, so the financial statements are unaudited.

The company’s increased future lease payments, combined with the drop in equity, suggest it may be burning through cash, though it’s difficult to say for sure. The company’s irregular import activity, meanwhile, could indicate fluctuating supply chain challenges or a deliberate strategy to manage costs.

Registered in England/Wales under the registration number 10210113, with a registered address at IP13 0TA, United Kingdom, Woodbridge, Suffolk, 17 Riverside View, Wickham Market.

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