Verve Workspace Ltd

Verve Workspace Ltd from Northampton UK is a small, family-run company with an active status, established 20 years ago. Employing 10 people, it holds £1,122,926 in assets and operates from a real address. With three directors and two owners, the business regularly imports and exports furniture, lighting, and prefabricated buildings – 7 months of imports and 14 months of exports recorded. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website showcases a wide range of office furniture and interior fit-out services, targeting businesses of all sizes. It’s clear they’re aiming to be a one-stop shop for workspace solutions, from desks and chairs to complete office transformations. The website highlights a focus on design, quality, and customer service, with testimonials praising their expertise and competitive pricing. They even offer guidance on workspace design and offer a space calculator to help clients plan their layouts. It's a clear indication of an ecommerce presence, though not a full-blown online store – more of a brochure website with contact forms and downloadable catalogues.

Financially, Verve Workspace Ltd presents a mixed picture. While cash reserves increased by 26% to £490,000, net assets only rose by 10% to £430,000. Trade debtors have increased dramatically by 140%, suggesting a reliance on customer payments. Bank borrowings have also increased, rising by 5.2% to £10,000. Creditors have seen a significant jump, up 150% to £810,000. The company’s small size helps it remain flexible, but the increase in debt raises questions about its financial health. No auditor is mentioned, likely due to its status as a small company, meaning the financial statements are unaudited.

It seems the company is actively importing and exporting, suggesting a focus on international trade. The increase in debt, however, may be a sign of growing pains as it continues to expand its operations. Whether the company can sustain its growth trajectory remains to be seen, but its focus on customer service and quality products positions it well for success.

Registered in England/Wales under the registration number 05183491, with a registered address at NN7 3AP, England, Northampton, The Stables Towcester Road, Milton Malsor.

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