Seating Matters Ltd

Seating Matters Ltd is a large, holding company active for 19 years, employing 55 people and managing £3.98 million in assets. With a yearly revenue of £8.7 million, the company, based in Limavady, Northern Ireland, operates in the other manufacturing n.e.c. industries and holds a perfect 5.0 Google rating from two reviews. It’s overseen by four directors and a single owner, with Phoenix James Ltd owning the company. The company has been audited by CavanaghKelly.

The company specializes in therapeutic seating solutions for healthcare settings, offering products for pressure injury prevention, postural support, and mobility assistance. Its website showcases a range of chairs designed for various needs, from dementia care to bariatric support, and even includes a "Seating Solution Finder" to help customers choose the right model. It also provides educational resources like a clinician’s seating handbook and a series of webinars. The company also has a website, Envelo, which focuses on cushions.

Financially, Seating Matters Ltd’s recent performance shows mixed signals. While turnover increased by 4.7% to £8.7 million, several key metrics have declined. Current assets fell by 22% to £4 million, and net assets plummeted 26% to £3.7 million. Bank borrowings increased by 86%, reaching £400,000, and cash reserves decreased by 66% to £790,000. Creditors, however, decreased by 25%, suggesting improved debt management. The company’s large size (meeting two of three criteria for turnover over £36 million, balance sheet over £18 million, and over 250 employees) gives it some scale, but the sharp equity drop and increased borrowings raise concerns. The company’s director remuneration increased by 370%, which could be a one-off payment or a sign of increased investment in leadership. The company’s dividend payments increased by 460%, which could be a sign of increased profitability.

Registered in Northern Ireland under the registration number NI057995, with a registered address at BT49 9JG, 131 Carnamuff Road, Limavady.

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