Pioneer Contract Furniture Ltd

Pioneer Contract Furniture Ltd, based in Accrington, UK, is a small, active company established fifteen years ago. With £790,518 in assets and a real address, it’s a modest operation managed by four directors and two owners. It boasts a Google rating of 3.0 based on eight reviews and is a regular importer of furniture, lighting, and prefabricated buildings, with recent activity recorded in July 2024.

The company specializes in the manufacture of office and shop furniture, operating within a competitive market. While a website isn’t available to analyze, it’s likely they focus on B2B sales, supplying businesses with furniture solutions. It's probable they don't have a direct-to-consumer e-commerce presence.

Financially, Pioneer Contract Furniture Ltd presents a mixed picture. While current assets increased by 18% to £790,000, net assets also grew by 38% to £870,000. Bank borrowings decreased by 29% to £120,000, indicating improved cash flow management. Creditors, however, increased by 31% to £580,000, suggesting a reliance on trade credit. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and less than 50 employees. Deferred tax expense credit decreased by 36%, which may be a one-off event. The lack of an auditor mentioned (likely exempt as a small company) means the financial statements are unaudited.

The increase in debtors by 25% could indicate a delay in customer payments, or perhaps an expansion of credit terms offered. It's also worth noting that the company's retained earnings have increased significantly, which is a positive sign. Overall, Pioneer Contract Furniture Ltd seems to be navigating a steady course, although the rising creditor balance warrants further observation.

Registered in England/Wales under the registration number 07081672, with a registered address at BB5 1BL, England, Accrington, Unit 4 & 5 Horne Street.

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