Divan Beds Ltd

Divan Beds Ltd from London UK: a small, active company founded eight years ago, employs twelve people, and holds £188,867 in assets. It’s a solo founder operation with a real address, managed by one director and owner. The business runs an e-commerce site and regularly imports furniture, lighting, and prefabricated buildings—eight months of import activity were recorded, with the last operation in June 2023.

The Divan Beds Ltd website showcases a wide range of divan beds, mattresses, and bedroom furniture. It offers various styles, including winged, ottoman, and designer divans, alongside pocket sprung, orthopaedic, and memory foam mattresses. The site emphasizes 3-year manufacturer guarantees, 14-day returns, and buy-now-pay-later options. It’s a pretty extensive range of products, and the website is very well-laid out.

Financially, Divan Beds Ltd presents a mixed picture. Cash bank on hand has increased significantly, up 400% to £50,000, which is a positive sign. However, creditors have doubled to £240,000 within one year, which could indicate increased borrowing or extended payment terms. Net assets have increased by 41% to £78,000, but the company’s net current liabilities are still negative, at -£49,000—a bit concerning. The number of employees has decreased by 17%, down to ten, which might be due to streamlining operations. As a small company, it meets two of three conditions for classification (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), and is exempt from an audit. The company’s accounts are unaudited, so the figures rely on director-reported data.

Overall, Divan Beds Ltd appears to be navigating a period of change. While cash reserves are up, the increase in creditors suggests a need to manage debt effectively. The decrease in employees may be a strategic move to improve efficiency, but it’s something to keep an eye on.

Registered in England/Wales under the registration number 10547286, with a registered address at SE18 6TL, United Kingdom, London, 151 Building 45 Hopton Road, Woolwich.

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