Warings Furniture Limited

Warings Furniture Ltd, based in Larling, UK, is a small, family-run business with an active trading status. Founded 22 years ago in 2002, the company employs 80 people and holds £1,952,581 in assets. It operates from a real address and is managed by four directors and two owners. With a solid 4.0 Google rating from 44 reviews, Warings Furniture is a regular importer and exporter of furniture, lighting, and prefabricated buildings, having imported for 245 months and exported for 155 months.

The company’s website showcases Warings Furniture as the preferred manufacturer and supplier of interior and exterior furniture to leading hospitality groups, both in the UK and internationally. They boast an extensive collection of chairs, stools, sofas, and tables designed to complement each other and provide venues with a unique identity. The website highlights thirty years of experience in the furniture sector and emphasizes technical expertise in furniture design. Testimonials from clients praise the company's service, quality, and reliability.

Financially, Warings Furniture Ltd shows some concerning trends. Current assets have decreased by 33% to £2,000,000, while net assets have fallen 20% to £1,800,000. Bank borrowings have significantly decreased by 59%, reaching £300,000, which could indicate better cash flow management or a reliance on trade credit. However, trade debtors have plummeted by 62%, suggesting difficulties in collecting payments from customers. Creditors have also decreased by 45%, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay flexible, but the decline in assets and debtors raises questions. No auditor is mentioned, likely due to the company’s exemption as a small entity.

In short, Warings Furniture Ltd is facing some financial headwinds despite its strong reputation and established client base. The company’s ability to navigate these challenges and maintain its position in the competitive hospitality furniture market will be key to its long-term success.

Registered in England/Wales under the registration number 04487406, with a registered address at NR16 2RA, Larling, Norfolk, The Furniture Station, Watton Road.

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