Progressive Furniture Ltd

Progressive Furniture Ltd from Cambridge UK: small company, active status, founded 20 years ago, 5 employees, £613,914 assets, virtual address, 2 directors, 1 owner, e-commerce site, google rating 5.0 based on 136 reviews. Regular importer of furniture, lighting, and prefabricated buildings (5 months imported).

Progressive Furniture Ltd operates as a home furniture shop in Forest Town, Nottinghamshire, England. It's a private limited company registered in England/Wales with registration number 05150326, established twenty years ago on June 10, 2004. The company employs five people and holds £613,914 in assets. The registered address is CB4 0WZ, England, Cambridge, Tennyson House, Cambridge Business Park, but it’s likely a virtual address as twenty-two companies are registered at the same location. The business is currently active and operates in the specialised retail sector.

The company’s website showcases a wide range of furniture, from oak pieces to sofas, and even edge sculptures. It's clear that Progressive Furnishings caters to a broad customer base, offering products for living rooms, dining rooms, bedrooms, and offices. The website also highlights a large showroom near Mansfield, with loads of free parking. It’s an online shop and a large showroom, and the company prides itself on delivering exceptional value for money and excellent product quality. The website also offers delivery services, even accommodating customers who are renovating and need delayed deliveries.

Financially, Progressive Furniture Ltd shows some concerning trends. Current assets dropped by 13% to £610,000, while net assets declined by 21% to £150,000. Bank borrowings decreased significantly, falling 100% to zero, and cash reserves increased to £47,000. Creditors also decreased by 6.5%, suggesting improved debt management. The company's small size—meeting two of three criteria for being a small company—helps it stay agile, but the equity drop is something to keep an eye on. There's no auditor mentioned, so the figures are unaudited.

Overall, Progressive Furniture Ltd seems to be holding steady, but the financial data suggests it’s facing some challenges. The company's focus on customer service and a wide product range are positives, but it will need to address the declining equity to ensure long-term stability.

Registered in England/Wales under the registration number 05150326, with a registered address at CB4 0WZ, England, Cambridge, Tennyson House, Cambridge Business Park.

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