Nectar Sleep Ltd

Nectar Sleep Ltd, a London-based company, is a holding company with an active status, founded six years ago in 2018. Employing sixteen people, it holds £6,433,603 in assets and generates £13,607,255 in yearly revenue. The company operates from a virtual address, registered at 1 Bow Churchyard, London, EC4M 9DQ, a detail highlighted by the presence of 189 other companies registered at the same location. It’s led by two directors and has one owner, and runs an e-commerce site. Regular imports of furniture, lighting, and prefabricated buildings have been recorded for 25 months, with the latest import operation occurring in January 2025.

The company's website, nectar sleep.co.uk, is clearly focused on e-commerce, showcasing a wide range of mattresses, bundles, bed frames, bedding, and pillows. It heavily promotes its “Nectar Premier Hybrid Mattress” and “Nectar Luxury Bundle,” offering various payment options including monthly installments through DivideBuy. The site’s design emphasizes comfort, quality, and customer satisfaction, with sections dedicated to comparisons, reviews, and sleep advice. The website is very well designed and easy to use.

Financially, Nectar Sleep Ltd’s recent report presents a mixed picture. While turnover remains strong at £13,607,255, net assets have decreased by 24%, dropping to £7,800,000. Bank borrowings have increased significantly, rising by 38% to £11,000,000. Cash reserves have also declined by 60%, falling to £440,000. Administrative expenses decreased by 14%, which is a positive sign. The average number of employees has reduced by 31%, which could be a result of restructuring or cost-cutting measures. Director remuneration has increased by 32%, which may reflect increased responsibilities or performance-based incentives. The company’s auditor, Blick Rothenberg Audit LLP, has provided an audit opinion.

Overall, Nectar Sleep Ltd appears to be a thriving e-commerce business, but the decline in cash reserves and increase in borrowings suggests a need for careful financial management. The company’s success hinges on maintaining its brand reputation and adapting to the competitive mattress market.

Registered in England/Wales under the registration number 11414108, with a registered address at EC4M 9DQ, United Kingdom, London, 1 Bow Churchyard.

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