Deepsleep Beds Uk Ltd

Deepsleep Beds Uk Ltd, based in Ossett, UK, is a large, holding company with an active status. Founded fifteen years ago in 1999, the company employs 190 people and boasts assets of £9,028,391. With a yearly revenue of £20,071,576, it’s a significant player in the bedding industry. The company has four directors and one owner, and regularly imports iron or steel products, with 35 months of import activity recorded.

The company's website highlights its focus on quality, value, and comfort, positioning itself as a dependable, family-run business. It manufactures mattresses, divan beds, headboards, and ottomans from its warehouse facilities. The “Giltedge” range showcases luxury offerings, with a 5-year guarantee on beds designed for a quality night’s sleep. The website also mentions a commitment to family ownership and British craftsmanship.

Financially, Deepsleep Beds Uk Ltd shows some concerning trends. While current assets increased by 4.7% to £9,000,000, net assets grew by a more substantial 47% to £1,500,000. However, bank borrowings surged by 1300%, reaching £250,000, and cash reserves fell by 14% to £1,600,000. Creditors decreased by 2.6%, suggesting better debt management. The company meets two of three criteria for a large company, with turnover exceeding £36 million and a balance sheet total exceeding £18 million. The lack of an auditor mentioned suggests the company is exempt from an audit.

The increase in borrowings and decrease in cash reserves, despite a rise in revenue, suggests the company may be burning through money to fuel growth. This could be due to increased marketing expenses or investments in new equipment. The company's focus on luxury bedding and its commitment to quality could be driving up costs, but it’s important to note that the company is still growing.

Registered in England/Wales under the registration number 06929245, with a registered address at WF5 9NJ, England, Ossett, Phase 2 Warneford Avenue.

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