Origin Furniture Limited

Origin Furniture Limited, based in Altrincham, UK, is a small, active company established twenty years ago. With six employees and £510,501 in assets, it operates from a virtual address—a detail worth noting as sixteen companies share the same location. The business is led by two directors, including the solo founder, Nicholas James Pearson. Origin Furniture specializes in the manufacture of other furniture industries, with a focus on contemporary design for education and contract settings.

The company's website showcases a vast array of furniture, including benches, chairs, lounges, shelving, and tables, available in various materials like plastic, steel, upholstery, and wood. The site’s extensive product listings, categorized by style and function, suggest a broad target market, ranging from schools and healthcare facilities to offices and homes. It’s clear they are trying to appeal to a wide range of customers.

Financially, Origin Furniture Limited’s recent report paints a mixed picture. Current assets have declined by a significant 24% to £510,000, while net assets have also decreased by 11% to £220,000. Bank borrowings have been slashed by 47%, dropping to £130,000—a positive sign of reduced debt. However, cash reserves have increased by a substantial 250%, reaching £21,000, which could indicate a temporary boost or a strategic build-up. Trade creditors have also decreased by 12%, suggesting better management of short-term obligations. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decline in net assets warrants closer attention. As a small company, the accounts are unaudited, relying on director-reported data.

The sharp decrease in assets could be due to a number of factors, such as increased investment in inventory or equipment, or perhaps a slowdown in sales. The decrease in bank borrowings is a positive trend, but the increased cash reserves may not be sustainable in the long term. Overall, Origin Furniture Limited appears to be navigating a period of change, with both challenges and opportunities ahead.

Registered in England/Wales under the registration number 05419699, with a registered address at WA14 5HH, Altrincham, Cheshire, Bridgewater House, Caspian Road.

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