Sams Furniture Ltd

Sams Furniture Ltd, based in Wick, UK, is a small, active company established 16 years ago. With six employees and £599,550 in assets, it’s a family-run business boasting a stellar 5.0 Google rating from 22 reviews. The company operates as a regular importer of furniture, lighting, and prefabricated buildings, with recent activity recorded just last month. It’s a real address, managed by one director and one owner.

The company’s website, onlinesamsfurniture.co.uk, showcases a vast selection of furniture, from sofas and dining sets to beds and office equipment. It offers free delivery within Caithness and nationwide shipping, same-day delivery, and even a recycle service. The site emphasizes competitive pricing, a national price promise, and a wide range of brands. It’s a big range of furniture, with sofas being a main focus.

Financially, Sams Furniture Ltd presents a mixed picture. Current assets increased by a healthy 9.1% to £600,000, while net assets also rose by 11% to £520,000. However, bank borrowings decreased by 9.4% to £140,000, and cash reserves grew significantly by 97% to £330,000. Trade debtors decreased by 23%, suggesting better collection practices. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, likely due to the small company exemption.

Overall, Sams Furniture Ltd appears to be in a relatively stable position, with growing assets and cash reserves. The decrease in trade debtors is a positive sign. However, the increased other taxation and social security payable could be a concern. The company’s success will likely depend on maintaining its strong Google rating and adapting to changing consumer preferences in the furniture market.

Registered in Scotland under the registration number SC348346, with a registered address at KW1 4LR, Scotland, Wick, Caithness, 118 High Street.

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