Premier Furnishings Ltd

Premier Furnishings Ltd, based in Derbyshire, UK, is a small, active company established 26 years ago. Employing 26 people and holding £733,842 in assets, it’s a family-run business with three directors and a solo founder, Fletcher Simon James, at the helm. The company boasts a perfect 5.0 Google rating from 18 reviews and is a regular importer of special woven and decorative fabrics, with 35 months of import activity recorded.

Premier Furnishings operates as a manufacturer, specializing in upholstery and soft furnishings for a variety of sectors, including the leisure market (motorhomes, caravans, boats, and horseboxes) and the static holiday home market. The company holds both ISO 9001 and ISO 14001 certifications, demonstrating a commitment to quality and environmental responsibility. Its website highlights a bespoke service, offering customers the ability to design fabrics and construction for their vans' interior furnishings. A dedicated "Reluxe" division focuses on refurbishing existing caravans, motorhomes, horseboxes, and boats.

Financially, Premier Furnishings Ltd shows some concerning trends. Net assets declined by 22%, falling to £350,000, while bank borrowings surged by 460%, reaching £56,000. Cash reserves increased by 110% to £6,600, which is a positive sign. Creditors also rose by 15%, reaching £430,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 49 employees) helps it remain flexible, but the decrease in equity is something to watch. Although the company is exempt from an audit as a small company, the financial statements are unaudited. It seems like the company is investing in growth, but managing its debts will be key.

Registered in England/Wales under the registration number 03707567, with a registered address at DE7 5DR, Derbyshire, Park Road, Ilkeston.

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