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Furniture World Limited

04811439

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

UNIT 1 CARDREW WAY, REDRUTH, TR15 1SS
Incorporated 26/06/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47599
Retail sale of furniture, lighting equipment and other household articles

Officers

Kathleen Long

secretary · Since 26/06/2003

DIRECTOR

BRITISH · UNITED KINGDOM · Age 73

Also on 11 other boards

Kathleen Long

director · Since 26/06/2003

DIRECTOR

BRITISH · UNITED KINGDOM · Age 73

Also on 11 other boards

Roger John Long

director · Since 26/06/2003

DIRECTOR

BRITISH · UNITED KINGDOM · Age 79

Also on 2 other boards

Mr Ryan Neil Long

director · Since 10/05/2007

DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Marie Long

director · Since 01/02/2008

DIRECTOR

BRITISH · UNITED KINGDOM · Age 53

Persons with Significant Control

Neon (Holdings) Limited

75–100% shares
75–100% votes
Appoint directors

C/O Francis Clark Llp, North Quay House, Plymouth, PL4 0RA

Reg: 08578012 · Companies House · Limited Company

Notified 30/01/2017

Former PSCs

Roger John Long

Ceased 30/01/2017

Charges2 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 12/10/2018Registered 24/10/2018
Charge
outstanding

BARCLAYS BANK PLC

Created 09/08/2017Registered 24/08/2017
Charge
satisfied

BARCLAYS BANK PLC

Created 30/06/2016Registered 16/07/2016Satisfied 12/03/2026
Charge
satisfied

BARCLAYS BANK PLC

Created 18/05/2015Registered 22/05/2015Satisfied 17/03/2026

CompanyRankvs 443+ SIC 47599 peers
62

Financial strength99th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.05× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect t

Key FinancialsYear ending 30/04/2025

Turnover

£9.1M

Annual revenue

Net Worth

£2.7M

Balance sheet strength

Cash

£5k

Cash in the bank

Profit Before Tax

-£8k

Bottom line earnings

Net Current Assets

£120k

Working capital

Current Assets

£2.7M

Current Liabilities

£2.6M

Fixed Assets

£4.1M

Debtors

£1.5M

Cost of Sales

£5.3M

Gross Profit

£3.8M

Admin Expenses

£3.7M

Profit After Tax

-£18k

58avg. employees-2

Tax at Year End

Dividends paid-£321k

People Costs

Wages & salaries£1.7M
NI contributions£160k

Balance Sheet

Intangible assets£193k
Bank loans & overdrafts£88k
Assets less current liabilities£4.3M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20251.05+£456k
20241.23-£235k
20231.39+£65k
20221.30

Derived from filed accounts. Not audited figures.