The Furniture Recycling Group Limited

The Furniture Recycling Group Ltd from Blackburn UK: a small company, holding company, with an active status, was founded twelve years ago in 2012. It employs 106 people and holds £3,831,886 in assets, operating from a real address. Four directors and one owner guide the company, which regularly exports furniture, lighting, and prefabricated buildings (four months of exports), but imports machinery, boilers, and mechanical appliances (one month of imports).

The company's core business revolves around mattress recycling, as evidenced by its website, The Mattress Recycling People. It offers a convenient collection and recycling service for unwanted mattresses, catering to households and even partnering with high-street retailers. The website highlights the company’s commitment to sustainability and its role as a leading mattress recycler in the UK, having processed over 1.4 million mattresses to date. It's also part of a larger group, RetourMatras Holding B.V., based in the Netherlands.

Financially, The Furniture Recycling Group Ltd shows a mixed picture. Current assets increased by 19%, reaching £3,800,000, while net assets grew by 35%, reaching £2,100,000. Bank borrowings are down, and cash reserves increased by 22%, sitting at £1,800,000. Creditors decreased by 12%, suggesting improved debt management. 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. However, provisions for liabilities increased significantly, by 340%, to £210,000. The company is exempt from an audit, so the financial data is unaudited.

The company’s financial performance seems stable, with increased assets and cash reserves. The increase in provisions, however, could be a sign of potential future liabilities. With its focus on sustainable practices and a growing market for mattress recycling, The Furniture Recycling Group Ltd appears to be well-positioned for continued success, though a closer look at those provisions is warranted.

Registered in England/Wales under the registration number 08087441, with a registered address at BB1 3ES, England, Blackburn, Greenbank Works, Gladstone Street.

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