Premier Cane Furniture Limited

Premier Cane Furniture Ltd, based in Leicester, UK, is a small, family-run business with an active status. Founded eleven years ago in 2013, it employs just three people and holds £49,683 in assets. The company operates a real address and is managed by two directors and two owners. It’s a thriving e-commerce business with a stellar 5.0 Google rating from 51 reviews, specializing in cane and rattan furniture. It regularly imports furniture, lighting, and prefabricated buildings, with its last import activity recorded three months ago.

The company’s website showcases a wide range of furniture, from suites and sofas to outdoor loungers and dining sets, featuring brands like Premier Cane, Desser, Laura Ashley, and Daro. It also offers replacement cushions and a conservatory furniture collection, emphasizing quality and British craftsmanship. A blog section provides updates on seasonal collections and replacement cushion services. The website also features a partnership with 'Just One TREE', planting a tree for every order.

Financially, Premier Cane Furniture Ltd presents a mixed picture. Cash bank on hand remained constant at £100, but current assets dropped by 28% to £50,000. Net assets, however, increased significantly by 350% to £5,100, largely due to a substantial increase in retained earnings. Bank borrowings decreased dramatically by 76% to £6,800, suggesting improved debt management. Creditors also decreased by 34%, further indicating financial stability. 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. With no auditor mentioned, the figures are unaudited.

The sharp increase in equity, while positive, could be due to a one-off event. The decrease in current assets, however, warrants attention. Overall, Premier Cane Furniture Ltd appears to be navigating a period of change, leveraging its strong online presence and family-run ethos to maintain its position in the competitive furniture market.

Registered in England/Wales under the registration number 08781933, with a registered address at LE7 3XA, England, Leicester, Unit 20 The Warren, East Goscote.

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