Harrison Spinks Beds Ltd

Harrison Spinks Beds Ltd, a well-established company based in Leeds, UK, has been crafting luxury British mattresses and beds for 91 years. Founded in 1933, the company is a large holding, with 453 employees and £9,585,629 in assets. It operates from a real address and is overseen by five directors and one owner. The company has a strong online presence and a respectable 4.0 Google rating based on 105 reviews. Harrison Spinks regularly imports textile padding, felt, and nonwoven fabrics, as well as special yarns, ropes, and cables, and exports furniture, lighting, and prefabricated buildings.

The company’s website showcases a commitment to homegrown luxury, handcrafted quality, responsible innovation, and technology. It highlights the company's heritage and its use of materials like rare breed Cotswold wool. The site serves as a platform to showcase its products, connect with retailers, and provide information about its sustainability efforts. It’s clear that Harrison Spinks is focused on a premium market, emphasizing quality and British craftsmanship.

Looking at the financial data, Harrison Spinks shows some concerning trends. While cash bank on hand increased significantly by 94%, administrative expenses increased by nearly 50%, and director remuneration rose by 59%. Current assets have decreased by 13%, and net assets have fallen by a substantial 58%. Bank borrowings have also increased, suggesting a reliance on debt. While the company has managed to decrease its accrued liabilities, it’s worth noting that deferred tax assets have increased. The lack of an auditor mentioned suggests that the figures are unaudited, which is common for companies of this size.

Overall, Harrison Spinks Beds Ltd appears to be navigating a period of change. While it maintains a strong brand and a commitment to quality, the financial data suggests that it’s facing challenges in managing costs and maintaining profitability. The company's continued focus on premium products and sustainable practices could help it weather these challenges, but close monitoring of its financial performance will be crucial.

Registered in England/Wales under the registration number 00277690, with a registered address at LS11 5SB, England, Leeds, The Innovation Centre, Westland Road.

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