Soak & Sleep Limited

Soak & Sleep Ltd from London UK: small company, holding company, active status, founded 20 years ago, 31 employees, £2,913,041 assets, virtual address, 4 directors, 1 owner, e-commerce site, google rating 3.0 based on 88 reviews. Regular importer of various textile products, sets, used clothing, and rags (292 months imported). Regular exporter of furniture, lighting, and prefabricated buildings (21 months exported).

Soak & Sleep Ltd is a small holding company based in London, UK, operating an e-commerce site with a respectable, though not outstanding, 3.0-star Google rating from 88 reviews. Established twenty years ago, it employs thirty-one people and boasts £2,913,041 in assets. The company’s registered address is a virtual one, with 332 other companies registered at the same location – a bit odd, really. Four directors and one owner manage the business, which regularly imports textile products and rags, and exports furniture and lighting.

The Soak & Sleep website is clearly the heart of their operation. It’s a full-fledged e-commerce platform offering a wide range of bedding, bath products, and mattresses. The site is full of promotions, with codes like SPR25 and BSB10 offering discounts. They're pushing duvet and pillow bundles, and have a dedicated section for mattress toppers. It’s a busy site, with lots of categories and a clear focus on selling online. The site also features a blog and inspiration sections, highlighting their commitment to creating a “perfect sleep sanctuary.”

Financially, Soak & Sleep Ltd shows some concerning trends. While assets remain at £2,913,041, net losses increased significantly, reaching -£3,800,000. Bank borrowings jumped by a massive 160%, hitting £2,900,000, and cash reserves dropped 71% to a meagre £800,000. Creditors also increased substantially, rising 55% to £5,900,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop and high debt levels are a worry. The company’s accounts are unaudited, and no auditor is mentioned, which is likely due to its status as a small company.

It seems that while Soak & Sleep Ltd’s e-commerce operation is active and well-presented, the company is burning through cash. Whether this is a temporary setback or a longer-term challenge remains to be seen.

Registered in England/Wales under the registration number 05417432, with a registered address at W1H 1DP, England, London, 78 York Street.

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