Westend Bed Company Ltd

Westend Bed Company Ltd is a small, family-run business based in London, UK, with an active trading status. Founded twelve years ago in 2013, the company employs seven people and holds £404,682 in assets. It has three directors and two owners, operating from a real address with only one other company registered there. The company regularly imports and exports furniture, lighting, and prefabricated buildings, with 26 months of import activity and 9 months of export activity recorded, the latest being January 2024.

The company's website showcases a luxury bed showroom specializing in high-end beds, mattresses, and linens. It offers free in-store sleep consultations and features a range of renowned brands like Relyon, Hypnos, Marshall Stewart, Treca, Conform Chairs, and Treca Interiors Paris. The website emphasizes personalized sleep consultations and offers a spring sale with up to 50% off selected items. It also highlights the availability of new beds, mattresses, and divans for immediate delivery and ex-display deals.

Financially, Westend Bed Company Ltd shows some concerning trends. Current assets have decreased by 18% to £400,000, and net assets have fallen 23% to £250,000. Bank borrowings have decreased by 19%, but cash reserves have plummeted 86%, leaving just £15,000 on hand. Creditors have also decreased by 19%, which is a positive sign, but the significant drop in cash is a cause for concern. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited.

While the company appears to be actively trading and attracting positive customer reviews, the financial data suggests it's burning through cash. The decrease in assets and cash reserves, combined with the drop in bank borrowings, could indicate a need for investment or a shift in business strategy. It’s a tight operation, and the family ownership may be a strength, but the company needs to address its cash flow situation to ensure long-term sustainability.

Registered in England/Wales under the registration number 08426920, with a registered address at SW14 8QT, England, London, 215 Upper Richmond Road West, East Sheen.

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