Somercotes Office Furniture Limited

Somercotes Office Furniture Ltd, based in Alfreton, UK, is a small, holding company with an active status. Established ten years ago in 2015, it employs six people and holds assets totaling £495,429. The company, with one director and owner, operates from a real address and boasts a stellar 5.0 Google rating based on 148 reviews. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import operation occurring in June 2024.

The company’s website, ergooutlet.uk, is a comprehensive online store specializing in office furniture. It offers a wide range of new and used desks, chairs, storage solutions, and meeting room furniture. The site’s design is modern and user-friendly, with clear categories and product listings. It also offers services like space planning and ergonomic assessments, and even has a showroom in the Midlands. The website’s focus is on providing affordable, high-quality office furniture to businesses of all sizes.

Financially, Somercotes Office Furniture Ltd shows a mixed picture. Current assets increased by a significant 73%, reaching £500,000, which is a positive sign. However, net losses deepened to -£23,000, and cash reserves fell 30% to £28,000. Bank borrowings increased by 2,400%, reaching £29,000, which could indicate a need for additional financing. Creditors increased by 100%, suggesting a reliance on trade credit. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increased debt and losses are something to watch. With no auditor mentioned, the figures are unaudited.

Overall, Somercotes Office Furniture Ltd appears to be a well-regarded business with a strong online presence, but it’s facing some financial challenges. The company’s success will likely depend on its ability to manage its debt and improve its profitability.

Registered in England/Wales under the registration number 09396377, with a registered address at DE55 7RG, England, Alfreton, Derbyshire, Unit D1 Salcombe Road.

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