Sofafox Ltd

Sofafox Ltd, based in London, UK, is a small, active company established eleven years ago. It operates an e-commerce site selling sofas and related furniture, boasting a stellar 5.0 Google rating from 118 reviews. The company has £30,749 in assets and is managed by one director and owner, Dyrga Robert. It regularly imports furniture, lighting, and prefabricated buildings, with its last import operation occurring six months ago. The address is a virtual one, with thirty-one companies registered at the same location.

The company’s website, Sofafox, showcases a wide range of sofas, including corner sofas, sofa beds, and storage options, emphasizing quality and modern design. Customer testimonials highlight Robert's helpfulness and the sofas' excellent quality. The site also features a blog with articles on sofa trends and buying guides, demonstrating a commitment to customer education.

Financially, Sofafox Ltd’s recent accounts present a mixed picture. Cash bank on hand decreased by 39% to £11,000, while creditors increased significantly by 96% to £55,000. Equity took a considerable hit, dropping 220% to -£19,000. Trade creditors decreased by 100% to zero, which is a good sign. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the substantial equity decline and increased borrowings suggest potential financial pressure. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

The sharp decrease in equity is concerning, and the increased reliance on credit could indicate challenges in generating sufficient revenue. However, the strong Google rating and positive customer reviews suggest that Sofafox Ltd’s products and service are well-received, which could help it navigate these financial headwinds.

Registered in England/Wales under the registration number 08929448, with a registered address at SW17 9NJ, England, London, 184 Mitcham Road.

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