Skyline Furniture Ltd

Skyline Furniture Ltd, based in Cardiff, UK, is a small, active company founded nine years ago in 2016. With just one employee and £73,551 in assets, it’s a lean operation managed by a single director and without any officially registered owners. The company regularly imports furniture, lighting, and prefabricated buildings—a total of 21 months of imports, the last recorded in September 2022. Its registered address is real, with only one other company registered at the same location.

The company’s website showcases a range of products, including fabrics, and suggests a focus on wholesale furniture. It’s unclear if the website represents a full-fledged e-commerce operation, but it does present a professional image with clear contact information. The company operates in the wholesale of furniture, carpets and lighting equipment industries.

Financially, Skyline Furniture Ltd presents a mixed picture. Cash reserves saw a significant jump, increasing by 610% to £60,000—a positive sign. However, net assets liabilities also increased, and creditors remained relatively stable. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the overdue accounts and confirmation statement raise concerns about financial management. Accumulated depreciation increased by 33%, and the company's equity has increased by 170%. With no auditor mentioned, the accounts are unaudited. It's likely that the company is burning through money like a startup, and the lack of owners could be a management issue.

Registered in England/Wales under the registration number 10103707, with a registered address at CF14 8LH, Cardiff, 10103707 - COMPANIES HOUSE DEFAULT ADDRESS.

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