Red Rose Furnishings Limited

Red Rose Furnishings Ltd from Blackburn UK: a small, active company founded twelve years ago, employs fifty-five people, and holds £4,685,015 in assets. It's a real address with one director and one owner. The company regularly imports furniture, lighting, and prefabricated buildings (83 months of imports, latest in February 2025) and exports jewelry, precious stones, and metals (3 months of exports, latest in November 2024).

Ashgrove Furnishings, the company's website, operates as a furniture retailer with a wide selection of sofas, beds, dining sets, and home décor items. It offers free shipping in Northern Ireland and provides two-man delivery and assembly services. The site also features a sale section and highlights trending products, including divan bases, dining table sets, and accent chairs. It’s a full-fledged ecommerce operation, with a focus on customer service and a range of delivery options.

Financially, Red Rose Furnishings Ltd presents a mixed picture. Accumulated depreciation on furniture and fittings increased by 42%, while motor vehicle depreciation rose by 5.2%. Bank borrowings surged dramatically, increasing by 2,400% to £2.4 million, and cash reserves plummeted 52% to £1.9 million. Creditors increased slightly, up 1.7% to £2.7 million. Trade debtors, however, ballooned by 5,600% to £2.4 million—a significant jump that could indicate challenges in collecting payments. Equity, however, increased by 15% to £2.4 million. 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 substantial increase in debt and the decrease in cash reserves are concerning. No auditor is mentioned, which is likely due to its status as a small company.

The sharp rise in debtors suggests potential issues with customer payments, while the decrease in cash reserves indicates the company is burning through money. The increase in depreciation, however, suggests ongoing investment in assets. Overall, Red Rose Furnishings Ltd appears to be facing financial pressures, despite its active trading status and broad product range.

Registered in England/Wales under the registration number 08435858, with a registered address at BB1 5QB, England, Blackburn, Lancashire, Varis Business Park, Challenge Way.

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