CULT FURNITURE LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-05 (in 6mo)
Last made up 2025-10-22
Watchouts
Cash
£665K
Latest balance sheet
Net assets
£1M
Equity attributable
Employees
64
Average over period
Profit before tax
£62K
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-09-30 | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £12,878,945 | £11,062,368 | |
| Operating profit | — | — | — | — | — | -£280,241 | £69,953 | |
| Profit before tax | — | — | — | — | — | -£260,330 | £62,102 | |
| Net profit | — | — | — | — | — | -£235,613 | £62,102 | |
| Cash | — | — | — | — | — | £116,665 | £664,784 | |
| Total assets less current liabilities | — | — | — | — | — | £1,034,707 | £1,006,809 | |
| Net assets | — | — | — | — | — | £1,034,707 | £1,006,809 | |
| Equity | £778,497 | £686,076 | £1,031,236 | £1,628,946 | £1,400,320 | £1,034,707 | £1,006,809 | |
| Average employees | — | — | — | — | — | 70 | 64 | |
| Wages | — | — | — | — | — | £2,446,692 | £1,927,627 | |
| Directors' remuneration | — | — | £3,125 | £60,000 | — | £10,000 | £16,713 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-09-30 | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -2.2% | 0.6% | |
| Net margin | — | — | — | — | — | -1.8% | 0.6% | |
| Return on capital employed | — | — | — | — | — | -27.1% | 6.9% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 64.4% | 69.3% | |
| Current ratio | — | — | — | — | — | 1.47x | 1.34x | |
| Interest cover | — | — | — | — | — | -7.19x | 4.47x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RDH Accountants Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, 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 financial statements are authorised for issue.”
Significant events
- “The director recommends a final dividend of £5.00 per A share, £15.00 p share and £15.00 per C share payable on 31 December 2024 to shareholders on the register at 01st December 2024.”
- “The directors believe that the Company remains well positioned to grow its market position and will continue to investment in people and technology to remain at the forefront of the furniture sales sector. The company expects to grow the business in new furniture categories and continue to launch its own exclusive designed products.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| IQBAL, Rabia | Secretary | 2010-10-22 | — | — |
| IQBAL, Faisal | Director | 2010-10-22 | Feb 1974 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Faisal Iqbal | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2025-11-09 | Active |
| Mr Faizal Iqbal | Individual | Appoints directors | 2016-10-22 | Ceased 2025-11-10 |
| Cult Furniture Group Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-10-22 | Ceased 2018-12-31 |
Filing timeline
Last 20 of 50 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-09 MA Memorandum articles
- 2026-03-07 RESOLUTIONS Resolution
- 2026-01-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-09 | MA | incorporation | Memorandum articles | |
| 2026-03-07 | RESOLUTIONS | resolution | Resolution | |
| 2026-01-08 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-10 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-10 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-10-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2023-12-05 | AA01 | accounts | Change account reference date company current extended | |
| 2023-11-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-06-22 | AA | accounts | Accounts with accounts type full | |
| 2021-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-20 | AA | accounts | Accounts with accounts type full | |
| 2020-12-08 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.