Sofas Express Ltd

Sofas Express Ltd, based in Cheltenham, UK, is a small, active company founded 14 years ago. With four employees and £2,489,096 in assets, it operates from a real address and is led by one director and owner. The company regularly imports furniture, lighting, and prefabricated buildings – a consistent pattern over the last 147 months, with the latest import occurring in February 2025. It’s a wholesale business, primarily dealing in furniture, carpets, and lighting equipment.

While the company’s website isn't available for review, its financial data paints a mixed picture. Over the past year, the company’s current assets have declined by 25%, dropping to £2,500,000. Bank borrowings have also decreased significantly, falling 27% to £1,500,000, which is a positive sign. However, cash reserves have taken a hit, decreasing by 63% to £32,000. Creditors have also reduced by 27%, suggesting improved debt management. The company’s net assets have fallen by 4.2%, and retained earnings have also decreased.

The company’s small size—meeting two of the three criteria for a small company (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees)—allows for agility. However, the decline in cash reserves and net assets is concerning, potentially indicating that the company is burning through money faster than it’s generating it. The significant drop in trade debtors, however, suggests that the company is more efficient in collecting payments.

Notably, the company's property, plant, and equipment has increased by 2.7%, with a particularly large increase in motor vehicles. The company’s financial statements are unaudited, and no auditor is mentioned, which is typical for small companies. The company’s director, Smith Andrew, is responsible for the accounts. Despite these challenges, Sofas Express Ltd appears to be holding steady, continuing its import activities and serving its wholesale customers.

Registered in England/Wales under the registration number 07322176, with a registered address at GL52 6NZ, Cheltenham, England, Oakley House Oakley Road, Battledown.

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