Premier Furniture International Limited

Premier Furniture International Ltd, based in London, UK, is a small, active company established 20 years ago. With eight employees and £5,336,308 in assets, it operates from a virtual address and is overseen by three directors and one owner. The company regularly imports furniture, lighting, and prefabricated buildings—a consistent pattern over the last 25 months, with the most recent import occurring in July 2022. It’s a wholesale business, focusing on furniture, carpets, and lighting equipment.

The company’s website is minimal, offering little insight beyond its core business. It doesn't appear to be an e-commerce operation, suggesting a business-to-business model, selling to retailers or other wholesalers.

Financially, Premier Furniture International Ltd presents a mixed picture. Cash reserves have seen a substantial increase, soaring 590% to £2.5 million—a very positive sign. However, creditors have also increased significantly, jumping 190% to £4.4 million, which could indicate increased reliance on credit. Trade debtors have also risen by 37%, potentially reflecting delayed payments from customers. Despite this, net assets remain relatively stable at £910,000, a slight decrease of 1.2%. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the rise in creditors warrants closer attention. The company's tax expense has also increased dramatically, jumping 1300% to £920,000. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies. The company's bank borrowings have also decreased, dropping 30% to £23,000.

Registered in England/Wales under the registration number 05164815, with a registered address at W1U 7BU, United Kingdom, London, Fifth Floor Watson House, 54-60 Baker Street.

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