Smiths Fitted Wardrobes & Kitchens Limited

Smiths Fitted Wardrobes & Kitchens Limited, based in Uxbridge, UK, is a small, active company established five years ago. Employing 32 people, it holds £172,248 in assets and operates from a real address. With two directors and two owners, it maintains a solid 4.0-star Google rating based on 146 reviews. The company occasionally imports glass and glassware, with the last import occurring two months ago in 2020.

The company’s website is minimal, indicating a focus on direct sales and local service rather than a large-scale online presence. It appears to be primarily a showroom and installation service for fitted wardrobes and kitchens, catering to residential customers. The business operates within the manufacture of kitchen furniture industries.

Financially, Smiths Fitted Wardrobes & Kitchens Limited presents a mixed picture. While cash bank on hand increased by 48% to £33,000, current assets also rose by a substantial 63% to £170,000. However, net assets decreased by 42% to -£200,000, and bank borrowings increased by 25% to £110,000. Creditors also rose significantly, increasing by 71% to £290,000. Trade debtors have increased by a whopping 870%, which could be a sign of difficulties in collecting payments. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity suggests potential financial strain. As a small company, it is exempt from an audit, and the figures are unaudited.

The company's management team, comprised of Singh Gagandeep and Channa Arminder Singh, appears to be actively involved in the business. The increase in employee numbers, from 32 to 35, suggests growth, but the rising debt levels warrant close monitoring. It’s likely that the company is investing in expansion, but it needs to manage its cash flow carefully to avoid burning through money.

Registered in England/Wales under the registration number 12345724, with a registered address at UB11 1FE, England, Uxbridge, 141, Floor 1 4, Longwalk Road, Stockley Park.

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