Seating Master Limited

Seating Master Limited, based in Greenford, UK, is a small, active company founded six years ago. Employing just six people and holding £36,233 in assets, it operates a real address and is managed by two directors and owners. The company’s e-commerce site and a 5.0 Google rating (based on two reviews) suggest a focus on online sales. It’s a regular importer of furniture, lighting, and prefabricated buildings, with four months of import activity recorded, the last in September 2023. The company operates in the manufacture of other furniture industries.

The company's website, while minimal, highlights its focus on furniture sales. It’s unclear if there’s a physical showroom or workshop, but the online presence suggests a direct-to-consumer model. The site’s simplicity and lack of detailed product descriptions suggest a smaller scale operation, possibly specializing in a niche furniture category.

Financially, Seating Master Limited presents a mixed picture. Current assets have decreased by 4%, dropping to £36,000, while bank borrowings remain steady at £5,500. However, the most concerning trend is the significant drop in equity, which plummeted 170% to -£10,000. Trade debtors have skyrocketed by 4,600%, reaching £6,800, suggesting potential issues with customer payments. Cash reserves have also fallen by 46%, down to £19,000. The company meets two of three criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, and the figures are unaudited.

While the company maintains a positive online reputation, the financial data reveals challenges. The sharp decline in equity and the surge in trade debtors raise concerns about its financial health. It’s possible that the company is experiencing typical startup pressures, or it could be facing longer-term financial difficulties.

Registered in England/Wales under the registration number 11882478, with a registered address at W1W 5PF, England, London, Greater London, 167-169 5th Floor, Great Portland Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.