Scandinavian House Limited

Scandinavian House Limited, based in Shipley, UK, is a small, family-run business with an active status, celebrating 25 years since its founding in 2000. The company employs 22 people and holds £2,299,065 in assets. It operates from a real address and is managed by three directors and two owners, with a solo founder at its core. A 4.0 Google rating from five reviews suggests positive customer experiences. The company regularly imports furniture, lighting, and prefabricated buildings, with 45 months of import activity recorded.

The company’s website, KidsAvenue, focuses on selling children’s beds and furniture online. The site features a wide range of beds, from single and double beds to mid-sleepers, bunks, and high-sleepers, catering to children of all ages. It offers various brands, including Noah, Eli, Urban, Flexa, Parisot, Trasman, Gautier, Thuka, and Nordic. The website also has a trade library and online ordering system, and it offers customer support and trade services.

Financially, Scandinavian House Limited’s report reveals some concerning trends. While its net assets increased by 8.1% to £1,600,000, cash reserves decreased by 18% to £1,100,000. Trade debtors increased by 6.4% to £710,000, while cash bank on hand dropped. Bank borrowings surged by 2,400%, reaching £29,000, and creditors decreased by 39%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s average number of employees decreased by 14% to 19, which could be a result of cost-cutting measures or a shift in operational strategy. The increase in corporation tax payable by 27% suggests a higher profit, but also a potential cash flow challenge. The company’s focus on importing furniture and its online retail presence suggest a business model that is vulnerable to changes in consumer demand and supply chain disruptions.

Registered in England/Wales under the registration number 03964887, with a registered address at BD17 7AD, Shipley, West Yorkshire, Old Mill House, Dockfield Road.

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