Southern Office Furniture Ltd

Southern Office Furniture Ltd is a small, active company based in Tonbridge, UK, holding company, founded 28 years ago in 1996. With five employees and £115,015 in assets, it operates from a virtual address—a point noted by the presence of 32 other companies registered at the same location. The company is led by one director and one owner, with a respectable Google rating of 4.0 based on three reviews. It regularly imports furniture, lighting, and prefabricated buildings, with 35 months of import activity recorded, the latest in October 2024.

The company’s core business involves the wholesale of office furniture. While a website isn't available, this suggests a B2B model focused on supplying businesses rather than direct consumer sales.

Financially, Southern Office Furniture Ltd presents a mixed picture. Current assets have fallen by 36% to £120,000, while net assets have plummeted 61% to just £40,000—a significant decrease. Cash reserves have also dropped 38% to £95,000. Trade debtors have increased by 39% to £16,000, suggesting potential issues with customer payments. Creditors have decreased by 27% to £40,000, which is a positive sign. 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 stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s workforce has also shrunk considerably, with the number of employees falling 40% to just three. This could be a response to financial pressures or a strategic move to streamline operations. The company is owned by Mt Managem3nt Ltd, and Perry Scott Bryan is the director.

Registered in England/Wales under the registration number 03262067, with a registered address at TN9 1EP, United Kingdom, Tonbridge, Kent, 37 Riverside House River Lawn Road.

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