South Wales Furniture Limited

South Wales Furniture Ltd from Bridgend UK: a small, active company founded nine years ago, employs fifteen people, and holds £242,325 in assets. It's managed by three directors, though no owners are officially listed. The company is an irregular importer, bringing in treated or layered fabrics for industrial use – just one month’s worth of imports were recorded, with the last operation occurring in January 2025. It operates in the manufacture of other furniture industries.

While small (meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees), South Wales Furniture Ltd’s recent financial performance presents a mixed picture. Current assets have fallen by a significant 36% to £240,000, while net assets have plummeted 170% to -£260,000. Cash bank on hand has also decreased by 32% to £8,300. On the plus side, creditors have fallen by 30%, suggesting improvements in debt management. The company’s directors, Chris Veasey, and Thomas Boyd, have seen a substantial increase in employee numbers, with an 110% rise to thirty-one.

The company's website is not available, so it's difficult to determine if they operate an e-commerce platform. However, their import activity suggests a business-to-business model, supplying fabrics to other manufacturers.

The financial data reveals a company struggling to maintain positive equity. While creditors have decreased, the sharp decline in assets and the negative equity position are concerning. The increase in employee numbers, however, might indicate expansion or increased production levels, although the lack of a clear profit picture raises questions. The accounts are unaudited and exempt from audit, relying on director-reported data. It's clear that South Wales Furniture Ltd is facing some financial headwinds, and it’s important to see if they can turn things around.

Registered in England/Wales under the registration number 10169593, with a registered address at CF32 9TD, United Kingdom, Bridgend, Mid Glamorgan, C/O Brynwood Holdings Ltd Millers Avenue, Brynmenyn Ind Estate, Brynmenyn.

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