Pattens Furniture Ltd

Pattens Furniture Ltd, based in Ashley Heath, UK, is a small, holding company with an active status. Established twelve years ago in December 2012, the firm employs seven people and holds £295,702 in assets. It's led by one director and owner, and enjoys a stellar 5.0 Google rating from 46 reviews. The company regularly imports furniture, lighting, and prefabricated buildings, with the last import operation recorded three months ago.

The business operates primarily as a retailer of furniture, lighting, and similar items, specializing in retail sales. Its website, while functional, appears to be a simple Facebook login page—not a full-fledged e-commerce platform. It's a basic presence, suggesting a focus on offline sales or perhaps a limited online offering.

Financially, Pattens Furniture Ltd presents a mixed picture. While cash reserves increased by a modest 8% to £250,000, current assets dropped by 18% to £300,000. A significant jump in amounts owed to group undertakings—increasing to £290,000—is noticeable, and creditors have risen dramatically, jumping 690% to £300,000. This could indicate increased reliance on credit or perhaps a restructuring of its financial obligations. 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 rise in creditors and the drop in assets are concerning. There's no mention of an auditor, which is typical for small, exempt companies. The unaudited accounts rely on the director’s reporting.

Overall, Pattens Furniture Ltd seems to be navigating a challenging financial landscape. While it maintains a good reputation and a steady stream of imports, the increasing debts and declining assets suggest a need for careful management—and perhaps a re-evaluation of its financial strategy.

Registered in England/Wales under the registration number 08324497, with a registered address at TF9 4PA, United Kingdom, Ashley Heath, Staffordshire, Sunnyside, Pinewood Drive.

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