Workwell Furniture Ltd

Workwell Furniture Ltd is a small, holding company based in Newcastle Upon Tyne, UK. Established four years ago in July 2020, it’s an active business with five employees and £549,216 in assets. The company is overseen by one director and one owner, and operates from a real address with only one other company registered there. Workwell Furniture is a regular importer, specializing in furniture, lighting, and prefabricated buildings, with 144 months of import activity recorded, the last being February 2025.

The company’s website highlights its role as contract furniture suppliers, focusing on workplaces, education, student accommodation, hospitality, and healthcare across the North East and throughout the UK. Workwell offers a full suite of services, from expert specification consultancy and procurement to delivery, installation, and post-project support. They partner with brands like Orangebox, Deadgood, and Humanscale, providing a range of options from ergonomic office chairs to tailored storage solutions. Their website also features blog posts on topics like flexible learning spaces and optimizing office furniture, demonstrating a commitment to industry expertise.

Financially, Workwell Furniture Ltd presents a mixed picture. While cash bank on hand increased significantly by 190% to £330,000, trade debtors decreased by a substantial 41%, dropping to £180,000. This could indicate difficulties in collecting payments from customers. Creditors also saw a large decrease, falling 16% to £300,000, suggesting improved debt management. However, other creditors rose sharply by 220% to £110,000, and other taxation social security payable increased by a whopping 310% to £110,000. The company’s small size—meeting two of three criteria for being a small company—helps maintain agility, but the decrease in equity, falling 220% to £250,000, is a cause for concern. The company is exempt from an audit, so the numbers are unaudited.

Overall, Workwell Furniture Ltd appears to be navigating a period of change. While the company has a strong focus on customer service and industry expertise, the financial data suggests some challenges in managing cash flow and collecting payments.

Registered in England/Wales under the registration number 12721657, with a registered address at NE6 1AB, Newcastle Upon Tyne, Tyne And Wear, Unit 8 Cobblestone Court Hoults Yard, Byker.

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