Faith is ok, but confidence is much better. That's you having the confidence to trust us to deliver what you require.
It's as simple as that!
We'd like to think we've got the actual product and service aspect well covered elsewhere on our website, with more genuine testimonials than any other company in our sector, as well as being members of Trading Standards - Buy With Confidence scheme. The latter alone tends to keep us on our toes!
But what about our financial strength and stability? With the recent demise of several long established reproduction furniture companies and one currently in a voluntary winding up process, you may understandably want to know that we're still going to be around three months after placing your order. Or three years on, for that matter! After all, if a company is in trouble, you'll likely be the last to know.
So, as yet another example of our innovative approach (and possibly a first), we'll allay any possible concerns you may have, from a purely company stability point of view, by confirming the strong health of our business in this article.
Probably the best barometer of the financial strength of a company, is its ability to pay its suppliers. For us, it's essential we pay our suppliers on time. In fact we make a habit of paying received invoices on the day, or at least within a few days (no matter what the amount), even if our creditors allow thirty days!
Why do we do this?
a) Well, we can afford to!
b) But, more importantly, our promptness is paid back in droves, by our suppliers. Because we look after them, they in turn look after us. In my view, this is just plain good business sense because, in the end, you the client benefit.
But, as always, we don't just expect you to take our word for it. To confirm what we say, here are a few endorsements from our business colleagues:
Note: Our creditors, i.e. suppliers, are happy to run invoice values, ranging from less than £100 to well over £10,000. As confirmed above, Early Oak Reproductions consistently pays these before, or on time.
We are currently considered to be a below average risk company, with an A- credit rating, scoring 80/100. This is against an average of 63/100 for other companies in the same industry sector and 48/100 for companies of a similar age.
Early Oak Reproductions risk of failure is calculated at odds of 41:1 against an average of 29:1 for other companies in the same industry sector and 20:1 for companies of a similar age.
Separate from our actual accounts, we are confirmed to have no County Court Judgments against us whatsoever, no mortgages or other charges and none of the directors have been officers of previously failed companies. On this basis, we are currently enjoying a Risk Score of +10 (the Risk Score for this aspect is not considered a cause for concern unless down as low as -300).
Note: The above figures and statements have been accurately taken from our latest Credit Reports and explanations, which we have on file and can be inspected on request.
Small companies (sales below £6.5 million) only have to submit abbreviated accounts to Companies House. These consist of little more than a balance sheet, which can often throw up misleading figures.
Our accountants state:
"Early Oak Reproductions Ltd was formed from a previous business carried on successfully by the existing directors, but as a partnership. As a result, for accounting purposes, the company's current liabilities are almost entirely made up of the amounts introduced by the directors as working capital. Effectively, the company owes the directors, as opposed to an outside creditor. There is no necessity for the liability to be settled within a 12 month period and indeed, can remain on the balance sheet for an indefinite period, as the directors are not looking for repayment."
As a further reinforcement, they have kindly provided a snapshot of how they view our business, as of August 2014.
"I confirm that we have finalised the accounts for the company for the year ended 31 December 2013. Current assets of stock and cash did increase considerably, which does improve the liquidity of the company."
...and last, but by no means least, here are just a few of our clients explaining how much confidence they had, and still have, in placing their trust in us. Not only for Early Oak Reproductions to provide their dream product, but for us to still be around in the foreseeable future, if they ever need our help or assistance, or indeed, to commission additional pieces...as many do.
So there you have it, in chapter and verse!
Hopefully, this article will help you to feel totally at home, in joining the hundreds of other delighted people, who are enjoying our world-class products today and will continue to tomorrow, and for many years from now.
All our prices include VAT and free mainland England delivery. Details here of our UK and overseas delivery service
Easy ways to place your order and pay...
1. You can simply place your order here on our website by using our intuitive selection boxes (on any of our product pages) and then continue through to your basket page (you'll need to register with us first - see 'Login/Register'. This will then take you through to the secure server of WorldPay, where you can pay your deposit for bespoke pieces, or full payment for accessories.
2. Alternatively, you can email or phone your order through, or visit us personally at our showroom. Click here for contact details. We accept BACS transfer, cheque, credit card or debit card payments.
However you want to order, we've made it both straightforward and safe (see our accreditation's below).
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