Quality Stores Limited

Quality Furniture Clearance Ltd, based in Willenhall, West Midlands, is a small, active company founded sixteen years ago. With five employees and £600,000 in assets, it operates as an online retailer specializing in high-end, ex-display, and factory-second furniture at discounted prices. The company has a real registered address and is led by one director and owner, Balci Latif. It’s a family-run business trading online to save on costs, passing savings onto customers.

The company’s website showcases a wide range of furniture, from TV stands and dining tables to wardrobes and sofas, all sourced from well-known high-end retailers. It offers financing options like Klarna and ClearPay, and encourages customers to view furniture in person at their unit if needed. The website also highlights positive customer reviews, praising the quality of the furniture and the helpfulness of the delivery team.

Financially, Quality Furniture Clearance Ltd presents a mixed picture. While current assets remain relatively stable at £600,000, bank borrowings have increased significantly by 150%, reaching £120,000. Cash reserves have also declined sharply, falling 89% to just £15,000. Creditors have increased by 150%, reaching £120,000, and trade debtors have ballooned by 95%, suggesting potential issues with customer payments. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in debt and decline in cash raises concerns. The accounts are unaudited, as is common for small companies, and the company's financial statements were prepared using VT Final Accounts software. The company’s net assets remain steady at £290,000.

Registered in England/Wales under the registration number 06765932, with a registered address at N14 6NR, England, London, 49 Green Way Southgate.

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