Quality And Price Furniture Ltd

Quality And Price Furniture Ltd from Nottingham UK: small company, active status, founded 4 years ago, real address, 1 director, 1 owner, e-commerce site. Regular importer of furniture, lighting, and prefabricated buildings (9 months imported). It’s a private limited company registered in England/Wales with the registration number 12721262. The company was founded four years ago on July 06, 2020, and registered at NG7 7DH, England, Nottingham, Unit 3d Ryan Business Park, Radford Road. Its status is active, and it operates in the wholesale of furniture, carpets and lighting equipment industries. Officially, it has one owner or PSCs, one director and no number of employees published.

The company’s website, Quality Furniture Clearance Ltd, specializes in offering high-quality customer returns, ex display, and factory-second furniture from well-known high-end retailers at discounted prices. The site showcases a wide range of furniture, including TV stands, dining tables, sofas, and beds, with a focus on high-end factory seconds. It offers financing options like Klarna and Clear Pay and even allows customers to view furniture before buying. The site has a good selection of ranges and a clear structure, with a contact form and payment methods listed.

Financially, Quality And Price Furniture Ltd presents a mixed picture. Current assets have completely vanished, dropping 100% to zero, and net assets have also plummeted to -£28,000. Bank borrowings have decreased by 43% to £29,000, and cash reserves have also disappeared, falling 100% to zero. Creditors have also vanished, dropping 100% to zero. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises some questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. It's clear that the company is facing some financial pressures, and it's not clear if it is burning through money or not.

Registered in England/Wales under the registration number 12721262, with a registered address at NG7 7DH, England, Nottingham, Unit 3d Ryan Business Park, Radford Road.

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