Office Furniture Centre Limited

Office Furniture Centre Ltd is a small, active company founded 28 years ago in 1996. Based in Glasgow, it employs 12 people and holds £672,617 in assets. It’s a family-run operation with three directors and a solo founder, Sharon Johnston, at the helm. The company operates an e-commerce site with a stellar 5.0 Google rating from 101 reviews, selling new and used office furniture. It’s a regular importer of furniture, lighting, and prefabricated buildings, with 89 months of import activity recorded.

The company’s website showcases a wide range of office furniture, from desks and chairs to storage solutions and reception furniture, both new and used. It even offers furniture hire and design planning services. The site emphasizes competitive pricing, a large showroom, and a family-run business with a long history—a combination that appeals to budget-conscious buyers.

Financially, Office Furniture Centre Ltd has seen some concerning trends. Current assets have fallen by 18% to £670,000, while net assets have plummeted 53% to just £220,000. Bank borrowings have increased, and cash reserves have fallen by 20% to £110,000. Creditors have also increased significantly. 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 stay nimble, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Despite these challenges, Office Furniture Centre Ltd seems to be holding its own. Its long-standing presence in the Glasgow market and positive customer reviews suggest a loyal customer base. Whether it can navigate these financial pressures and continue its growth remains to be seen—but for now, it’s betting on its reputation and wide selection to keep customers coming back.

Registered in Scotland under the registration number SC168292, with a registered address at G40 3AS, 707 London Road, Glasgow.

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