Project Furniture Residential Limited

Project Furniture Residential Ltd, based in Halifax, UK, is a large holding company with an active status, founded five years ago. The company boasts £3,472,329 in assets and has seven directors and one owner. It holds a Google rating of 4.0 based on four reviews and is a regular importer of furniture, lighting, and prefabricated buildings, with 22 months of import activity recorded.

The company operates in the retail of furniture, lighting, and similar products, providing product sourcing, delivery, and turnkey installation services for landlords within the residential, build-to-rent (BTR), and private rented sector (PRS) nationwide. Their website highlights a “white glove turnkey solution,” offering interior design, delivery, installation, removal, replacement, and recycling services. They work with a range of clients, from landlords to homeowners, and have collaborated with projects like Soyo and Mercer West View.

Financially, Project Furniture Residential Ltd presents a mixed picture. While current assets have surged to £3,500,000, a significant increase from £69,000, net assets have decreased to -£210,000. Bank borrowings have increased substantially, reaching £160,000, and cash reserves stand at £1,700,000. Creditors have risen sharply to £3,500,000, suggesting potential strain on short-term finances. The company’s turnover increased by 1000%, reaching £6,200,000, however, the company is still experiencing losses. Despite this, the company has a strong presence in the market, and the increase in turnover is a positive sign. The company is meeting two of three conditions to be considered a large company. The company’s financial statements were audited by MHA.

Overall, Project Furniture Residential Ltd is a sizable player in the furniture retail sector, but its financial performance requires careful monitoring. The company's ability to manage its increased liabilities and maintain profitability will be key to its long-term success.

Registered in England/Wales under the registration number 12493696, with a registered address at HX1 2AF, England, Halifax, 17 Harrison Road.

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