Utopia Furniture Ltd.

Utopia Furniture Ltd, based in Springvale Business Park, UK, is a sizable company with a 31-year history, employing 125 people and holding assets valued at £7,362,000. As a holding company with an active status, it’s a significant player in the UK bathroom furniture industry. The company has two directors and one owner, and boasts a respectable Google rating of 4.0 based on 32 reviews. It regularly imports ceramic products (for 11 months) and exports furniture, lighting, and prefabricated buildings (for 3 months).

The company’s website, Utopia Bathrooms, showcases a wide range of bathroom furniture, from original fitted collections to chic modular designs. It caters to both retail and contract customers, with a dedicated developer division and a showroom in Harrods. The site highlights its commitment to design, quality, and service, with a focus on British craftsmanship and innovation. It even offers a "Visualise" tool, allowing customers to customize their bathroom designs.

Financially, Utopia Furniture Ltd presents a mixed picture. While revenue remained steady at £36 million, net assets decreased by 10% to £6.3 million. Bank borrowings increased by 140% to £620,000, and cash reserves dropped 30% to £55,000. Creditors also rose by 32% to £2.8 million. The company’s size (meeting two of three criteria for a large company: turnover over £36 million and balance sheet total over £18 million) suggests it’s operating at scale, but the increase in debt and decrease in cash reserves could indicate tighter margins or increased investment. The company’s auditor, Ormerod Rutter Limited, has issued an unqualified opinion.

Overall, Utopia Furniture Ltd appears to be a well-established player in the bathroom furniture market, but its financial performance suggests it’s navigating some challenges. The company’s focus on design, quality, and customer service, combined with its strong brand reputation, should help it weather these pressures—but it will need to carefully manage its debt and maintain its cash flow.

Registered in England/Wales under the registration number 02826071, with a registered address at WV14 0QL, Springvale Business Park, Bilston West Midlands, Utopia House, Springvale Avenue.

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