Threefourfive Furniture Ltd

Threefourfive Furniture Ltd from Paisley UK: a small, family-run business active since its founding five years ago. It employs five people and operates from a real address in Scotland, overseen by three directors and three owners. The company is an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances—parts, with the last import activity recorded one month ago in December 01, 2023.

The company’s website, ThreeFourFive Furniture, showcases its specialization in plywood joinery, offering bespoke kitchen designs and commercial projects. It’s clear that they are focused on high-quality, custom-made furniture, with a strong emphasis on craftsmanship and personal expression. They have a workshop in Glasgow and offer services ranging from kitchen transformations to commercial projects, all with a focus on materials and process.

Financially, Threefourfive Furniture Ltd presents a mixed picture. Accrued liabilities have risen by 29%, while depreciation on plant machinery has increased significantly—over 120%. Cash on hand has improved by 73%, and creditors have increased by 40%. However, the most striking change is the surge in loans from directors, jumping to £33,000—a considerable increase. Net assets have grown by 29%, but net current liabilities have increased by 36%. The company meets the criteria for a small company, with turnover under £10.2m, balance sheet total under £5.1m, and fewer than 50 employees. No auditor is mentioned, which is common for small, exempt companies.

Overall, Threefourfive Furniture Ltd appears to be growing, but with some financial strain. The increased reliance on director loans suggests a need for external funding or improved cash flow management. The focus on bespoke furniture and a strong online presence indicate a commitment to quality and customer service, but the company will need to carefully manage its finances to ensure long-term sustainability.

Registered in Scotland under the registration number SC656649, with a registered address at PA1 3AE, Scotland, Paisley, 27 Buchlyvie Road.

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