The Furniture Garden Ltd

The Furniture Garden Ltd, based in Birmingham, UK, is a small, active company founded eight years ago. With twelve employees and £1,459,387 in assets, it operates as a regular importer of special woven and decorative fabrics, having imported for ten months, with the latest operation in November 2024. The company, led by a single director and owner, Grassick George Anthony, is a solo founder and operates within the wholesale of furniture, carpets, and lighting equipment industries. It’s a real address, with only one other company registered there.

The company’s website is minimal, offering little insight beyond its core business. It appears to be primarily a wholesale operation, with no obvious e-commerce functionality. The focus seems to be on supplying trade customers rather than direct retail.

Financially, The Furniture Garden Ltd presents a mixed picture. While its assets remain substantial at £1,459,387, key indicators suggest recent challenges. Cash bank on hand has seen a dramatic increase of 680%, jumping to £220,000, which is a positive sign. However, creditors have increased, with both short-term and long-term liabilities rising. Most concerning is the sharp decline in equity, with retained earnings and accumulated losses plummeting by 630% to -£210,000. This suggests the company is burning through cash, and the increase in bank loans (up 2400%) further reinforces this concern. Debtors have also significantly decreased, which could be a result of tighter credit terms or difficulties collecting payments. The company is small, meeting two of three conditions for classification—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and the accounts are abridged and unaudited.

The significant decrease in net assets and the reliance on increased borrowing are worrying trends. While the increase in cash is a positive, it’s unclear whether it’s a temporary influx or a result of cost-cutting measures. The financial statements note a prior period adjustment due to system limitations and the use of the Fair Value Reserve, which adds a layer of complexity to the analysis. Without an auditor mentioned, the figures rely on director-reported data, making it difficult to fully assess the company’s financial health.

Registered in England/Wales under the registration number 10561509, with a registered address at B45 9TY, Birmingham, Warwickshire, Units 2 And 3 1622 Bristol Road South, Rednal.

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