Six Contract Furniture Ltd

Six Contract Furniture Ltd, based in Stourbridge, UK, is a small, active company founded eight years ago in 2016. With seven employees and £887,960 in assets, it operates from a real address and is managed by two directors, although no owners are officially listed. The company is a regular importer and exporter of furniture, lighting, and prefabricated buildings, with 82 months of import activity and 8 months of export activity recorded.

The company’s website showcases its expertise in contract furniture, specializing in bespoke upholstery and custom joinery solutions for commercial spaces. They supply hospitality, luxury workspaces, and hotels across the UK and internationally, emphasizing UK-made furniture crafted by a talented team. They also work with global suppliers and offer in-house manufacture, delivery, and installation services. A testimonial from Pret a Manger highlights the company’s quality work, proactive approach, and attention to detail.

Financially, Six Contract Furniture Ltd shows some concerning trends. While current assets increased by 37% to £890,000, equity plummeted 480% to just £10,000. Bank borrowings decreased by 29%, and cash reserves increased by 37% to £210,000. Creditors increased by 37% to £900,000, and trade debtors increased by 30%. The number of employees increased by 43% to ten. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

These figures suggest the company is facing some financial pressure, despite its strong reputation and client base. The large increase in creditors and the significant drop in equity are particularly noteworthy. It’s possible that the company is investing heavily in growth, but the lack of retained earnings raises questions about its long-term sustainability.

Registered in England/Wales under the registration number 10286188, with a registered address at DY9 7ND, United Kingdom, Stourbridge, West Midlands, Unit 2 Gainsborough Trading Estate, Rufford Road.

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