Deluxe Beds Ltd

Deluxe Beds Ltd, based in Huddersfield, UK, is a small, active company established 27 years ago. With 90 employees and £1,901,686 in assets, it’s a significant player in its local area. The company, founded by a solo entrepreneur, Bibi Khatiza, now has two directors overseeing operations. Deluxe Beds regularly imports iron or steel products (47 months) and exports furniture, lighting, and prefabricated buildings (9 months).

The company’s website, More Than Sleep, showcases a range of handcrafted mattresses, headboards, and bases. It’s clear that Deluxe Beds operates primarily as a manufacturer and retailer, with a strong emphasis on British craftsmanship and quality. The site highlights the company's Yorkshire Pennine location and traditional bed-making techniques, alongside modern technology. It’s a direct-to-consumer model, with no mention of wholesale or retail partnerships, suggesting an e-commerce focus.

Financially, Deluxe Beds Ltd presents a mixed picture. While current assets increased by a modest 13%, net assets decreased by 39% to £200,000. Bank borrowings surged by 46% to £15,000, and cash reserves plummeted 77% to £720. Creditors also increased by a substantial 67%, reaching £340,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in equity is a cause for concern. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Deluxe Beds Ltd appears to be navigating a challenging period. While its products and brand image are strong, the financial data suggests a need for careful management and potentially, a reevaluation of its business strategy.

Registered in England/Wales under the registration number 03521946, with a registered address at HD2 2RS, Huddersfield, West Yorkshire, Beacon Street, Birkby.

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