Ye Olde Traditional Furniture Co. Limited

  • Small
  • Active
  • 33 years
  • 4 employees
  • £206,447 (assets)
  • Virtual address
  • 2 directors
  • 1 owner
  • Regular importer
  • Solo founder
  • Rating 5.0 (12)

Field of Operation

Wholesale of furniture, carpets and lighting equipment
46470 4009 companies

Website

Social media

Phones

Summary

Ye Olde Traditional Furniture Co. Ltd, based in Greenford, UK, is a small, active company established 33 years ago. With four employees and £206,447 in assets, it operates from a virtual address, a bit unusual as 377 companies share the same location. The company is led by two directors and owned by Harrison David James, a solo founder, and enjoys a perfect 5.0 Google rating from twelve satisfied customers. It’s a regular importer of furniture, lighting, and prefabricated buildings, with the latest import activity recorded five months ago.

The company's website is not available, making it difficult to ascertain their exact business model. However, the company operates in the wholesale of furniture, carpets, and lighting equipment industries. It’s a small business, meeting two of three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

A look at the financials reveals a mixed picture. While current assets increased by 20% to £210,000, net assets decreased by 12% to -£31,000, indicating a negative equity position. Bank borrowings increased by a significant 41%, reaching £65,000, and cash reserves fell by 11% to £240. Creditors also increased by 21%, suggesting a reliance on short-term financing. Trade debtors increased by 51%, which could be a sign of growth or delayed payments. The company’s small size allows for agility, but the decline in equity and increased debt raise concerns about its financial health. As a small company, it’s exempt from an audit, so the financial data is unaudited.

The company's financial situation seems to be a bit shaky, but the high Google rating suggests strong customer satisfaction. It's a small business with a long history, but it’s facing challenges in maintaining profitability.

Registered in England/Wales under the registration number 02645081, with a registered address at UB6 0FX, United Kingdom, Greenford, Middlesex, 325-327 Oldfield Lane North.

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

Owners & PSC

  • 9 years
  • 2
  • 75%+

Managers

  • 33 years
  • 2
Import/sale furniture
  • 33 years
  • 1
Secretary

Last reports

Download the last financial report
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Last news

  1. Total exemption full accounts made up to 2023-12-31
  2. Confirmation statement made on 2024-09-12 with no updates
  3. Confirmation statement made on 2023-09-12 with no updates
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Importer profile by HS codes

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Last imported products

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