Tribe Furniture Limited

Tribe Furniture Ltd, a small holding company based in London, UK, has been active for eight years, employing thirteen people and managing assets worth £6,512,085. With a yearly revenue of £11,759,705, the company operates from a virtual address – a detail flagged by the presence of 318 other companies registered at the same location. It’s led by one director and one owner, with the Thirdway Group Ltd listed as the controlling party. The company regularly imports furniture, lighting, and prefabricated buildings (474 months of activity), but exports are infrequent (just two months).

Tribe Furniture functions as a furniture consultancy, focusing on bringing offices to life through design and styling. Its website highlights a belief that every office should be functional and well-designed. The company is part of the ThirdWay Group and offers services like design consultancy, furniture supply, and styling. It even has a showroom in Harrods, London, showcasing a high-end piano restoration division.

Financially, Tribe Furniture presents a mixed picture. While turnover decreased by 10% to £12 million, operating profit increased by a substantial 180% to £1.4 million. However, net assets declined by 76% to £2.4 million, and cash reserves fell by 30% to £180,000. Trade debtors increased by 39%, suggesting a possible reliance on customer payments. Bank borrowings also increased significantly, reaching £29,000. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the drop in equity warrants attention. The accounts are unaudited, and no auditor is mentioned.

The increase in operating profit is a positive sign, but the decline in net assets and cash reserves could indicate that Tribe Furniture is burning through cash to fuel growth, or perhaps facing increased costs. The company’s focus on design and high-end services, combined with its virtual address, suggests a lean operation, but the financial trends require close monitoring.

Registered in England/Wales under the registration number 10210734, with a registered address at W1D 5EU, United Kingdom, London, 130 Shaftesbury Avenue, 2nd Floor.

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