Bed Connect Ltd

Bed Connect Ltd, from Wakefield UK, is a small, active company founded five years ago. Despite its status, the company has accounts overdue for a year and confirmation overdue by seven months. It employs just one person and holds £42,907 in assets, operating from a real address with a single director and owner – a solo founder. The company operates in the retail sale via mail order houses or via internet, the other retail sale not in stores, stalls or markets industries.

The company’s website showcases a wide range of beds, mattresses, and furniture, catering to various needs—from student housing to care homes. It offers everything from strong metal beds and bunk beds to heavy-duty mattresses and contract furniture, with a particular emphasis on robust and durable options. The site also features a selection of headboards, bedding accessories, and storage solutions, demonstrating a comprehensive approach to bedroom and lounge furniture. It even offers bespoke options, suggesting a degree of customization.

Financially, Bed Connect Ltd presents a mixed picture. Accumulated depreciation has increased by 82%, suggesting investment in tools and vehicles, but the number of employees has decreased to zero. Bank borrowings have decreased by 13%, and cash reserves have plummeted by 94%, leaving just £2,500 remaining. Creditors have increased by 57%, while trade debtors have ballooned by 400%. Director remuneration has doubled, and net assets have only increased by 22%. It’s a small company, meeting two of three conditions for classification (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The company’s unaudited accounts, given its small size, rely on director-reported data.

Overall, while Bed Connect Ltd appears to be actively selling beds and furniture, the financial data suggests it’s burning through cash. The decrease in employees and the significant drop in cash reserves raise concerns about its long-term viability, although the increase in trade debtors could be a temporary blip.

Registered in England/Wales under the registration number 12165315, with a registered address at WF4 5PB, England, Wakefield, Unit 23, Phoenix Works Storrs Hill Road, Horbury.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.