Signature Sofas Limited

Signature Sofas Limited, based in Cannock, UK, is a small, active company established 17 years ago in December 2007. With six employees and £192,059 in assets, it operates from a real address at Point West Virage Park. The company is led by one director and owner, Athwal Jarnail Singh, and maintains a stellar 5.0 Google rating from 45 reviews. Signature Sofas specializes in the retail of furniture, lighting, and similar items, and occasionally imports these goods, with its last import activity recorded over four years ago.

The company’s website showcases a focus on made-to-measure sofas, offering over 60 styles and 3000 materials. It highlights a three-step process for custom sofa design and emphasizes British craftsmanship, with many sofas built in the UK. The site also features a showroom in Cannock and promotes various sofa types, including fabric, leather, corner, recliner, and lift-rise models. It even offers a 200 voucher discount on fabric and leather ranges.

Financially, Signature Sofas Limited presents a mixed picture. Current assets have significantly decreased by 43%, dropping to £190,000, while net assets have plummeted 42% to -£300,000. Bank borrowings have also decreased by 24%, settling at £38,000. However, creditors have surged by 86%, reaching £96,000, indicating potential challenges in managing short-term liabilities. Trade debtors have also fallen by 58%, suggesting difficulties in collecting payments. The company's small size—meeting two of three criteria for a small company—allows for flexibility, but the substantial equity decline raises concerns. The accounts are unaudited, a common practice for small companies, and no auditor is mentioned.

Despite these financial pressures, Signature Sofas Limited maintains a strong online presence and a reputation for custom-made furniture. Whether it can navigate these challenges and sustain its growth remains to be seen.

Registered in England/Wales under the registration number 06450057, with a registered address at WS11 0NH, England, Cannock, Point West Virage Park, Walsall Road.

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