Triptych Furniture Ltd

Triptych Furniture Ltd, based in Chippenham, UK, is a small, active company founded ten years ago in 2015. With fifteen employees and £350,638 in assets, it’s a modest operation led by three directors and a single owner, Gabb Matthew. The company operates from a real address and is a regular exporter of wood and wood products, having exported for eighteen months, with the most recent activity in February 2025. However, it’s an irregular importer, bringing in furniture, lighting, and prefabricated buildings for just one month, the last import being in November 2023.

The company’s website paints a picture of a design-centric British studio specializing in bespoke kitchens, joinery, and furniture. It emphasizes longevity and craftsmanship, working with timber, metal, and stone. The website highlights a focus on luxury interior designers and even mentions a showroom in Harrods, London, suggesting a higher-end market. The business also appears to have a strong online presence, with a dedicated team and a focus on design and quality.

However, a deeper look at the financials reveals a concerning trend. While the company’s assets are substantial, key indicators point to financial strain. Current assets have plummeted by 35%, falling to £350,000, and net assets have experienced an even more dramatic drop, declining by 89% to just £540. Bank borrowings have surged by a staggering 2,400%, reaching £29,000, while cash reserves have shrunk by 91%, leaving just £2,500 available. Trade debtors have ballooned by 890%, indicating potential issues with customer payments. Creditors have also increased by 190%, suggesting increased reliance on short-term financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it is exempt from an audit, so the figures are unaudited.

Despite these challenges, Triptych Furniture Ltd’s focus on high-end design and bespoke work could provide a buffer against market fluctuations. However, the sharp decline in equity and the increased reliance on borrowing suggest the company needs to address its financial pressures to ensure its long-term sustainability.

Registered in England/Wales under the registration number 09508563, with a registered address at SN15 2JJ, United Kingdom, Chippenham, Clackersbrook Farm The Common, Bromham.

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