Office Furniture Place Chester Limited

Office Furniture Place Chester Ltd, based in Deeside, UK, is a small, active company established 14 years ago. With three employees and £110,117 in assets, it operates from a real address and is overseen by three directors and two owners. Boasting a perfect 5.0 Google rating from six reviews, the company is an irregular importer of furniture, lighting, and prefabricated buildings, with its last import activity recorded one month ago.

The company’s core business involves wholesale of other office machinery and equipment. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The website is not available, so it’s difficult to determine if it operates an e-commerce site.

Financially, Office Furniture Place Chester Ltd shows a mixed picture. Current assets have declined by 31%, dropping to £110,000, while net assets have plummeted 53%, settling at £14,000. Bank borrowings have increased by 2.5%, reaching £11,000, and cash reserves have grown by 32%, reaching £29,000. Creditors have decreased by 18%, suggesting improved debt management. The company's small size helps it remain agile, but the significant equity drop raises concerns. The company is exempt from an audit, so the figures are unaudited.

The company's financial data indicates a potential struggle to maintain profitability, with net losses increasing. While cash reserves have improved, the decline in assets and equity suggests a need for careful financial management. The company’s directors are likely working to stabilize its financial position, but the future remains uncertain.

Registered in England/Wales under the registration number 07299488, with a registered address at CH5 2DW, Deeside, Flintshire, Unit 1a Interlinq, Ffordd Pentre Pentre.

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