The Sofa Library Ltd

The Sofa Library Ltd, based in Cheltenham, UK, is a small, active company established thirteen years ago. With ten employees and £1,514,708 in assets, it operates as an e-commerce site specializing in furniture, lighting, and prefabricated buildings, regularly importing these goods. The company, which has a virtual address shared by numerous other businesses, is managed by one director and one owner, though the owner list hasn't changed in nine years.

The Sofa Library's website showcases a broader range of services beyond its online store. It’s a design and build company offering bespoke furniture, cabinet making, upholstery, curtains, bedroom furniture, and even lighting design. They also offer a German wardrobe system, with a wide range of styles and sizes available. They even offer a building service, carrying out the building work and installing furnishings and curtains. The company has a showroom in Bristol, open seven days a week.

Financially, The Sofa Library Ltd presents a mixed picture. Current assets have increased by a significant 120%, reaching £1.5 million, while net assets have also risen by 15%, reaching £510,000. However, bank borrowings have surged by a massive 390%, reaching £210,000, and cash reserves have only increased by 77% to £25,000. Creditors have decreased by 98%, suggesting improved debt management, and trade debtors have decreased by 48%, which is a good sign. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s small size helps it remain agile, but the increase in bank borrowings is something to watch. The accounts are unaudited, and no auditor is mentioned.

Registered in England/Wales under the registration number 07717440, with a registered address at GL52 2NW, England, Cheltenham, 122 Winchcombe Street.

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