Worldwide Furniture London Limited

Worldwide Furniture London Limited is a small, active company based in Croydon, UK, founded eight years ago in 2017. It employs three people and holds £87,499 in assets. With a real registered address and one director and owner – Shah Syed Muhammad Ali – it’s a solo-founded operation. The company operates in the wholesale of other intermediate products industries.

The company’s website, Worldwide Furniture Source, showcases a wide range of furniture and home decor items, from living room sets to garden furniture and office essentials. It's a fully functioning e-commerce site, with clear product categories, secure payment options, and even a blog. The site emphasizes free delivery on sofas and bedroom sets, and features collections like "Amalfi" and "Alfie," suggesting a focus on stylish, affordable furniture. The site also has a section for "Real Wooden Acoustic Wall Panels!" indicating a diversification into interior design solutions.

Financially, Worldwide Furniture London Limited shows a mixed picture. Current assets have decreased by 5.5% to £87,000, while net assets have decreased by 12% to -£48,000. Bank borrowings have decreased by 26% to £30,000, and cash reserves have fallen 36% to £6,200. Trade debtors have decreased by a significant 57%, which could be a positive sign of improved collections, but creditors have also decreased, suggesting better debt management. The company meets two of three conditions to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to its small size.

While the website appears active and well-designed, the financials reveal some pressures. The decrease in cash reserves and the negative equity suggest the company is burning through money, although it's likely a common trend for a growing e-commerce business. Whether it can sustain its growth and profitability remains to be seen.

Registered in England/Wales under the registration number 10546505, with a registered address at CR0 3PA, England, Croydon, 297 London Road.

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