Pietersen Fine Furniture Limited

Pietersen Fine Furniture Ltd from Oxford UK: a small, active company founded twelve years ago, employs seven people, and holds £501,354 in assets. Operating from a virtual address—registered at a location shared by twenty-three other companies—it’s managed by two directors and two owners. The company is an irregular importer of wood and wood products, with just two months of import activity recorded in the last year.

The company’s website, pietersenfinefurniture.co.uk, is simple and professional, showcasing a gallery of furniture projects and contact information. There’s no obvious e-commerce functionality, suggesting a focus on bespoke orders and client consultations. The site’s design is clean, but it lacks detailed product descriptions and pricing—a missed opportunity to engage potential customers.

Financially, Pietersen Fine Furniture Ltd presents a mixed picture. Current assets increased by a substantial 100% to £500,000, a positive sign of growth. However, net assets decreased by 22% to £180,000. Bank borrowings rose by 82% to £26,000, while cash reserves increased dramatically by 110% to £440,000. Creditors also increased significantly by 92% to £620,000. The company’s small size—meeting two of three conditions for being a small company—allows for flexibility, but the increase in creditors suggests a need to manage debt effectively. The company’s unaudited accounts, typical for small entities, rely on director-reported data.

While the company’s financial health is not in immediate danger, the rise in creditors warrants attention. The irregular import activity and lack of an online store suggest a business model reliant on specific clients and projects. The company’s future success will likely depend on maintaining those relationships and carefully managing its finances.

Registered in England/Wales under the registration number 08398524, with a registered address at OX1 3LE, Oxford, 30 St. Giles.

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