Reeds Of Downham Market Limited

Reeds Of Downham Market Ltd from Norfolk UK: a small, active company founded 19 years ago, employs 60 people, and holds £1,178,308 in assets. It’s a real address with one director, one owner (a solo founder), and boasts a stellar 5.0 Google rating from 90 reviews. The company regularly imports furniture, lighting, and prefabricated buildings—32 months worth, with the last import in November 2024.

Reeds Homestore operates as a furniture retailer, offering a wide range of sofas, chairs, beds, bedroom furniture, and occasional tables. The website is clearly designed for e-commerce, showcasing products and allowing customers to purchase online. It also features a "Ready to Go Items" section with discounted clearance items, and offers free upgrades on recliners. The company has two physical locations: Downham Market and Ely, and provides delivery and installation services.

Financially, Reeds Of Downham Market Ltd shows a mixed picture. Current assets decreased by 7.1% to £1,200,000, while net assets remained steady at £830,000. Bank borrowings decreased by 8%, reaching £30,000, and cash reserves fell 20% to £320,000. Creditors also decreased by 16%, suggesting improved debt management. The company meets the criteria for a small company—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—which helps with agility. However, the decrease in cash reserves is something to watch. The company’s financial statements were prepared by MA Partners LLP, and the director, J S Carlile, acknowledges his responsibilities under the Companies Act.

Overall, Reeds Of Downham Market Ltd appears to be a stable, well-regarded business, but the decrease in cash reserves suggests a need for careful financial management.

Registered in England/Wales under the registration number 05489383, with a registered address at PE38 9DS, Norfolk, Nelson House, Bridge Street, Downham Market.

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