Bedcare Ltd

Bedcare Ltd, based in King's Lynn, UK, is a small, active company established ten years ago. Employing seven people, it holds £2,659,426 in assets, though its registered address is likely virtual, as 169 companies share the same location. The business is run by one director and one owner, and regularly imports and exports furniture, lighting, and prefabricated buildings – three months of imports and four months of exports were recorded.

The company’s website showcases a wide range of beds and mattresses, catering to both residential and contract customers. It's clear that Bedcare Ltd operates as an online retailer, specializing in strong, heavy-duty beds and mattresses designed for various needs, from student housing to care homes. The site offers a diverse selection, including metal, wooden, and bunk beds, alongside headboards, bedding, and furniture packages. They even have a section for contract furniture, indicating a B2B element to their operations.

Financially, Bedcare Ltd's report reveals some interesting trends. Cash bank holdings dropped significantly by 49%, settling at £280,000, while trade debtors increased by 22%, reaching £1,800,000. Creditors also rose, up 110% to £74,000. The company’s net assets increased by 14%, reaching £2,500,000. While the business meets the criteria to be considered small – turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees – the increase in debtors suggests potential challenges in collecting payments. The surge in bank borrowings by 2,400% to £120,000 is a notable concern, and the decrease in cash reserves isn't ideal. No auditor is mentioned, which is common for small companies.

The company's focus on heavy-duty beds and contract sales, coupled with the rise in debt, suggests a strategy of expanding sales while managing costs. Whether this approach will prove sustainable remains to be seen, but Bedcare Ltd appears to be navigating a competitive market with a specialized product offering.

Registered in England/Wales under the registration number 09500277, with a registered address at PE30 1HJ, England, King's Lynn, Norfolk, 22-26 King Street.

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