Worth Furnishing Limited

Worth Furnishing Limited, based in Kendal, UK, is a small, active company established 20 years ago. With eight employees and £1,292,857 in assets, it’s a modest operation managed by a single director and owner. The company boasts a 1.0 Google rating from just one review, indicating room for improvement in customer perception. It regularly imports furniture, lighting, and prefabricated buildings (for five months), and exports wool and animal hair products (for six months).

The company’s website showcases a focus on bespoke furniture wholesale, catering to retailers with classic and contemporary collections. They offer customization options, using high-quality materials and skilled craftsmen. A key differentiator is the “Worth Family” branding, highlighting both the furniture wholesale business and a separate, high-end piano restoration division (1066 Pianos), which operates from Cambridge and even has a showroom in Harrods. This dual business model suggests diversification and a broader reach, though the connection between the two remains somewhat unclear.

Financially, Worth Furnishing Limited presents a mixed picture. While cash reserves increased by 10% to £940,000, net assets only grew slightly to £1,400,000. Trade debtors decreased by 6%, suggesting better collection practices, but creditors also fell, indicating a need to manage short-term liabilities. A concerning trend is the decrease in average employees during the period, dropping 50% to just four – a significant reduction that could impact operational capacity. The company’s size qualifies it as small, meeting two of three conditions, but the decline in employee numbers warrants further investigation. With no auditor mentioned, the figures are unaudited.

Worth Furnishing Limited seems to be navigating a period of transition. The dual business model offers potential for growth, but the reduced workforce and mixed financial signals suggest challenges ahead. Whether the piano restoration division can provide a buffer against the pressures on the wholesale business remains to be seen.

Registered in England/Wales under the registration number 05215511, with a registered address at LA9 5RR, United Kingdom, Kendal, Cumbria, Worth House & Units 16 - 17 Boundary Bank Business Park, Boundary Bank.

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