Otty Sleep Ltd

Otty Sleep Ltd from Leeds, UK, is a small, holding company with an active status, established eight years ago in 2016. The company employs eleven people and holds assets totaling £1,886,744. It operates from a real address, is led by three directors, and is owned by one individual. Otty Sleep runs an e-commerce site and boasts a stellar 5.0 Google rating based on 516 reviews. It’s a regular importer of furniture, lighting, and prefabricated buildings, with 73 months of import activity recorded.

The company’s website showcases a range of hybrid mattresses, pillows, and bed frames, catering to various preferences with options like memory foam, pocket sprung, and natural materials. It offers a 100-night trial, fast delivery, and a wide selection of sizes. The site also promotes financing options and a 10-year warranty, aiming to provide a premium sleep experience. The website is very professional and well-designed.

Financially, Otty Sleep Ltd presents a mixed picture. Current assets decreased by 14%, dropping to £1,900,000. Net losses deepened from -£100,000 to -£230,000, while cash reserves fell 16% to £270,000. Bank borrowings were significantly reduced, decreasing by 96%, reaching just £4,000. Creditors also decreased by 32%, suggesting improved debt management. The company’s small size—meeting two of three criteria for being a small company—helps it remain flexible, but the drop in equity is concerning. The company’s average number of employees has also fallen from eleven to seven, which could be a result of restructuring. No auditor is mentioned, likely due to its status as a small company, so the figures are unaudited.

Overall, Otty Sleep Ltd appears to be navigating a challenging period. While its e-commerce platform and customer reviews are impressive, the financial data indicates a need for careful management.

Registered in England/Wales under the registration number 10301123, with a registered address at LS12 2BJ, England, Leeds, Unit 1, Nano Park, Pickering Street.

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