Raft Limited

Raft Ltd from Stanmore UK: a small, active company founded 26 years ago in 1999, employs 38 people and holds assets of £1,383,074. Operating from a virtual address, it’s managed by three directors and two owners. The company regularly imports furniture, lighting, and prefabricated buildings – a trend spanning 72 months, with the latest import in January 2025 – and has also exported these items, though only for a brief period, three months, with the last export in December 2019.

Raft’s website showcases a business specializing in handmade furniture, particularly sofas and reclaimed teak pieces, with a strong emphasis on British craftsmanship. It operates both an online store and physical showrooms in London, St Albans, and Richmond, offering a range of furniture and home accessories. The website also highlights a bespoke service, allowing customers to customize their pieces, and interior design services, suggesting a focus on high-end, personalized offerings.

Financially, Raft Ltd’s recent performance presents a mixed picture. While current assets increased by 12% to £1,400,000, net assets grew by a more substantial 41% to £150,000. However, bank borrowings remained steady at £73,000, and trade debtors rose significantly by 56% to £210,000 – a potential sign of delayed payments. Creditors also decreased by 5.9% to £69,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the increase in debtors warrants monitoring. As a small company, the accounts are unaudited, relying on director-reported figures.

The company’s long-standing presence and focus on quality suggest a resilient business, but the rise in debtors could indicate challenges in managing cash flow. The blend of online retail and physical showrooms, combined with bespoke services, positions Raft Ltd to cater to a discerning customer base, but continued financial scrutiny is advisable.

Registered in England/Wales under the registration number 03708844, with a registered address at HA7 1JS, United Kingdom, Stanmore, Middlesex, Devonshire House, 582 Honeypot Lane.

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