Tradesofas.com Ltd

Tradesofas Com Ltd from Larkhall UK: a small, active company established 11 years ago, faces some financial challenges. Founded in 2014, the company employs four people and holds £150,833 in assets. It operates as an e-commerce site selling furniture, lighting, and prefabricated buildings, boasting a solid 4.0 Google rating from 116 reviews. It's a regular importer, with its top import category being Furniture, Lighting, and Prefabricated Buildings, totaling 3 months of imports. The business is run by a solo founder and one director, Miller James Richard.

While the company’s website showcases a range of furniture and home goods, the financial picture is a bit more complex. Accounts and confirmation statements are overdue for two years, suggesting potential administrative strain. The company's small size—meeting two of three criteria for being small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees)—helps it remain agile, but the overdue filings are a concern.

Looking at the financial data, the company’s equity is in the negative, sitting at -£13,000. Cash reserves are stable at £60,000, but trade debtors are a mere £440, and creditors stand at £210,000. Bank borrowings have increased, and while depreciation charges have remained consistent, the overall trend points to a company struggling to generate profit. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited.

Despite these challenges, Tradesofas Com Ltd maintains a positive online presence and a loyal customer base. Whether it can overcome its financial hurdles and continue to thrive remains to be seen—but for now, it’s a small business navigating a competitive market.

Registered in Scotland under the registration number SC468917, with a registered address at ML9 2AG, Larkhall, Lanarkshire, 17 Wellgate Street.

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