Sofancy Ltd

Sofancy Ltd, based in Leicester, UK, is a small, active company founded seven years ago. With three employees and £56,929 in assets, it's a solo-founder operation managed by a single director and owner. The company boasts a 4.0 Google rating from 28 reviews and regularly imports furniture, lighting, and prefabricated buildings—a consistent pattern over the past 21 months, with the latest import recorded in December 2024.

Sofancy Ltd operates primarily as a wholesale and retail business, focusing on furniture, carpets, and lighting equipment. Its website, however, directs visitors to Facebook, suggesting a reliance on social media for sales and marketing. There’s no direct e-commerce functionality on the Sofancy Ltd site itself, and the Facebook page appears to be a simple login/signup portal, indicating a limited online presence.

Financially, Sofancy Ltd presents a mixed picture. While current assets increased by a respectable 48% to £57,000, net assets decreased significantly by 57% to -£89,000. Bank borrowings saw a dramatic surge of 1200%, reaching £63,000, while cash reserves remained relatively stable at £10,000. Trade debtors increased by 21%, suggesting a potential issue with customer payments, and creditors jumped a substantial 88%, which could indicate increased supplier costs. The company meets the criteria for a small company, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned is typical for small companies, and the figures are unaudited.

Overall, Sofancy Ltd appears to be navigating a period of financial pressure. The increase in bank borrowings and decrease in equity suggest the company is burning through cash, and the reliance on Facebook for sales, while potentially cost-effective, limits its reach. The business’s future hinges on its ability to manage its debt and find new avenues for growth—perhaps by developing a more robust online presence.

Registered in England/Wales under the registration number 10840893, with a registered address at LE4 0AR, England, Leicester, Unit 14, 65 Blackbird Road.

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