LV Furniture Group Pty Ltd, operating under the ABN 81 650 490 949, represents a significant presence in the Victorian furniture market. Established on May 25th, 2021, this Australian private company has quickly made its mark, demonstrating a commitment to maintaining business trends and offering a diverse range of furniture solutions. This article will delve into the details surrounding LV Furniture's ABN, exploring its registration, GST status, and the broader implications of its presence within the competitive landscape of the Australian furniture industry.
Understanding the ABN: 81 650 490 949
The Australian Business Number (ABN) is a crucial identifier for businesses operating within Australia. It acts as a unique identifier, enabling streamlined transactions, tax reporting, and government interactions. For LV Furniture Group Pty Ltd, the ABN 81 650 490 949 signifies its official registration and legal standing within the Australian business ecosystem. Its registration on May 25th, 2021, provides a clear timeline for its operations, allowing for tracking of its growth and development within the relatively short timeframe since its establishment.
The fact that LV Furniture Group Pty Ltd is registered for GST further clarifies its operational scale. Goods and Services Tax (GST) registration is mandatory for businesses exceeding a certain turnover threshold. This registration indicates that LV Furniture's revenue surpasses this threshold, suggesting a significant level of market penetration and operational success within the competitive Victorian furniture industry. This also ensures compliance with Australian tax regulations and provides a level of transparency to its customers and stakeholders.
Entity Information and Public Records
Accessing information related to LV Furniture's ABN through the ABN Lookup system reveals a wealth of publicly accessible data. This includes confirmation of the company name – LV Furniture Group Pty Ltd – and its registered address in Victoria. The consistent use of both "LV Furniture Group Pty Ltd" and "LV FURNITURE GROUP PTY LTD" (variations in capitalization) across different platforms highlights the company's official branding and its presence in various online directories. The availability of this information through readily accessible channels underscores the transparency and accountability expected of registered Australian businesses.
The inclusion of the Legal Entity Identifier (LEI) – 984500BY2B8RB657B509 – adds another layer of transparency. LEIs are globally recognized identifiers used to improve transparency and reduce risk in financial markets. While not always required for all businesses, the presence of an LEI for LV Furniture suggests a commitment to higher standards of corporate governance and potentially indicates engagement in more complex financial transactions.
Market Positioning and Competitive Landscape
The Victorian furniture market is highly competitive, characterized by both established players and emerging businesses. LV Furniture's success in establishing itself and maintaining business trends within this competitive environment speaks volumes about its strategic positioning and operational efficiency. Understanding its market strategies requires further investigation, but its continued growth suggests a successful approach to market segmentation, product differentiation, and customer engagement.
The name "LV Furniture" itself is concise and memorable, potentially suggesting a focus on a specific style or target demographic. Further research into its product offerings would reveal more about its niche within the broader furniture market. Is it focused on contemporary designs, traditional styles, or a unique blend? Understanding its product portfolio is crucial to assessing its competitive advantages.
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