Seated Furniture Limited

Seated Furniture Ltd from Sutton Coldfield UK: a small, active company founded sixteen years ago, employs eighteen people, and holds £1,023,939 in assets. It's a family business with two directors and two owners, operating from a real address. The company irregularly imports toys, games, and sports equipment (one month of imports) and exports furniture, lighting, and prefabricated buildings (also one month of exports).

The business operates in the wholesale of office furniture industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. The company’s website is not available, so it’s difficult to determine if it’s an e-commerce business.

Financially, Seated Furniture Ltd shows some interesting trends. Accumulated depreciation on computer equipment increased by 12%, while furniture fittings saw a 27% increase. Advances to directors decreased by 46%, and bank borrowings were cut in half. Cash reserves, however, grew by 7.5% to £470,000, and net assets rose 60% to £260,000. Trade creditors also decreased by nearly 50%, suggesting improved debt management. The company’s small size and lack of an auditor (likely exempt as a small company) means the figures are unaudited.

The company’s financial health appears to be stable, with growing cash reserves and improved debt management. The decrease in advances to directors could indicate a shift in the company’s funding strategy. However, the lack of detail about the business’s operations and the absence of an auditor make it difficult to draw definitive conclusions.

Registered in England/Wales under the registration number 06617832, with a registered address at B72 1TX, England, Sutton Coldfield, Unit 6 Trinity Place, Midland Drive.

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