Planet Furniture Limited

Planet Furniture Ltd, based in Hitchin, UK, is a small, active company established ten years ago. With thirteen employees and £579,621 in assets, it’s a family-run business boasting a perfect 5.0 Google rating from seventeen reviews. The company, founded by a solo entrepreneur, operates from a real address and is managed by two directors and one owner. They import electrical machinery and equipment irregularly, with the last import operation occurring one months ago in May 2022.

Planet Furniture specializes in the manufacture of kitchen furniture, offering a wide range of styles, including InFrame, LayOn, and Handleless designs. Their website showcases bespoke, handcrafted kitchens and living spaces, with a focus on quality materials and skilled craftsmanship. They even have a brand new showroom, so customers can see their work firsthand. The company’s website highlights a partnership with several well-known brands, including Siemens, Blanco, and Fisher & Paykel. They also offer services such as kitchen design, installation, and even disaster recovery for damaged pianos.

Financially, Planet Furniture’s recent performance shows some concerning trends. Accrued liabilities have increased significantly, jumping 130% to £260,000, while cash bank on hand has plummeted 100% to just £5. Bank borrowings have also risen, increasing 36% to £22,000. On a brighter note, creditors decreased by 48% to £12,000, and prepayments have jumped 180% to £33,000. The company's small size—meeting two of three criteria for being a small company—helps it stay nimble, but the sharp decline in cash reserves is something to keep an eye on. The company is exempt from an audit as a small company.

Overall, Planet Furniture appears to be a well-regarded business with a strong reputation for quality and service. However, the recent financial data suggests that the company is facing some challenges, and it will be important to monitor its performance closely in the coming months.

Registered in England/Wales under the registration number 09247758, with a registered address at SG5 4BH, England, Hitchin, The Old Dairy Church Farm, Astwick Road, Astwick.

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