Progressive Furnishings Ltd

Progressive Furnishings Ltd from Mansfield UK: a small, active company founded 16 years ago, employs eight people, and holds £891,942 in assets. It's a real address with two directors and one owner—a solo founder—running the show. The company operates an e-commerce site and enjoys a stellar 5.0 Google rating from 136 reviews. They regularly import furniture, lighting, and prefabricated buildings, with 61 months of import activity recorded.

The company’s website, Progressive Furnishings, is a large online retailer and showroom offering a wide range of furniture, from oak pieces to sofas and bedroom sets. They also sell garden furniture and edge sculptures. The website emphasizes family ownership, competitive pricing, and a large showroom with free parking. They even offer delivery services tailored to renovation projects, a nice touch.

Financially, Progressive Furnishings Ltd presents a mixed picture. Creditors increased by 48%, reaching £250,000, while debtors dropped significantly by 49%, down to £22,000. Cash reserves remained steady at £500,000, but bank borrowings also increased, rising by 1.3% to £30,000. The company’s net assets grew by 6.7% to £950,000. The decrease in deferred tax assets may suggest a change in accounting practices. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Progressive Furnishings Ltd seems to be holding its own, though the rise in creditors warrants a closer look. The company's strong online presence and large showroom should continue to support its business, but keeping an eye on debt management will be important.

Registered in England/Wales under the registration number 06913419, with a registered address at NG19 0GG, Mansfield, Nottinghamshire, Unit G Sandlands Court Fulmar Close, Forest Town.

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