Rainbow Upholstery Limited

Rainbow Upholstery Ltd, based in Rowley Regis, UK, is a well-established small company with an active status. Founded 41 years ago in 1983, it employs 31 people and holds assets valued at £385,329. With four directors and one owner (Round Paul), the company boasts a stellar 5.0 Google rating from 35 reviews. It’s an irregular importer, primarily dealing in special woven and decorative fabrics, with just one month of import activity recorded as of January 2022.

The company operates in the manufacture of other furniture industries, catering specifically to trade professionals. Its website showcases a curated collection of sofas, armchairs, corners, and chaise lounges, emphasizing industry-leading quality and competitive pricing. Established over 35 years ago, Rainbow Upholstery prides itself on reliability, quality, and experience, offering trade supply discounts and a vast network of industry professionals. The website also highlights a range of materials and a commitment to craftsmanship, with each sofa carefully crafted using premium materials.

Financially, Rainbow Upholstery Ltd presents a mixed picture. Current assets decreased by 23%, falling to £390,000, while net assets remained steady at £1,000,000. Cash bank on hand experienced a significant drop of 53%, dwindling to £48,000. Trade debtors, however, increased by 34%, reaching £100,000, suggesting potentially improved sales. Accumulated depreciation impairment property plant equipment rose by 12%, indicating ongoing investment in equipment. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the decline in cash reserves warrants attention. As a small company, it’s likely exempt from a full audit, and the financial statements are unaudited. It's a little concerning that bank borrowings have increased.

Registered in England/Wales under the registration number 01763459, with a registered address at B65 0AY, Rowley Regis, West Midlands, Units 1-4 Marlow Street.

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