Durest Beds Ltd

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durest beds ltd Company Information

Live (In Liquidation)

EstablishedSmallDeclining

Company Number

06836242

Website

https://www.beds24hr.co.uk

Registered Address

suite one peel mill, commercial street, morley, west yorkshire, LS27 8AG

Industry

Manufacture of mattresses

Telephone

01924430030

Next Accounts Due

533 days late

Group Structure

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Directors

Mussrat Iqbal15 Years

Shareholders

mussrat iqbal 100%

durest beds ltd Estimated Valuation

£859.3k

Pomanda estimates the enterprise value of DUREST BEDS LTD at £859.3k based on a Turnover of £2.9m and 0.29x industry multiple (adjusted for size and gross margin).

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Durest Beds Ltd is a live company located in morley, LS27 8AG with a Companies House number of 06836242. It operates in the manufacture of mattresses sector, SIC Code 31030. Founded in March 2009, it's largest shareholder is mussrat iqbal with a 100% stake. Durest Beds Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Durest Beds Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

8 Weak

Size

annual sales of £2.9m, make it smaller than the average company (£15.2m)

Growth

3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (-5.3%)

EXPORT

Durest Beds Ltd's latest turnover from March 2021 is estimated at £2.9 million and the company has net assets of £62.1 thousand. According to their latest financial statements, Durest Beds Ltd has 39 employees and maintains cash reserves of £792.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,926,509	1,997,343	2,661,962	5,754,621	5,904,903	2,553,994	2,159,768	633,435	817,943	219,392	152,948	79,531
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,164,829	1,408,897	2,103,289	4,321,143	4,302,884	1,880,128	1,655,381	481,626	614,066	173,912	119,902	62,984
Gross Profit	761,680	588,445	558,673	1,433,478	1,602,019	673,866	504,387	151,810	203,877	45,481	33,046	16,547
Admin Expenses	1,343,270	693,130	380,528	1,333,150	1,453,332	524,109	509,016	47,153	142,584	-62,804	-44,816	10,887
Operating Profit	-581,590	-104,685	178,145	100,328	148,687	149,757	-4,629	104,657	61,293	108,285	77,862	5,660
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	939	1,052	8,083	5,850	2,799	4,002	1,585	204	245	416	260	55
Pre-Tax Profit	-580,651	-103,633	186,228	106,178	151,486	153,759	-3,044	104,861	61,538	108,701	78,122	5,715
Tax	0	0	-35,383	-20,174	-30,297	-30,752	0	-24,118	-14,769	-28,262	-21,874	-1,600
Profit After Tax	-580,651	-103,633	150,845	86,004	121,189	123,007	-3,044	80,743	46,769	80,439	56,248	4,115
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-580,651	-103,633	150,845	86,004	121,189	123,007	-3,044	80,743	46,769	80,439	56,248	4,115
Employee Costs	1,098,587	1,184,013	624,175	1,236,761	1,186,978	538,872	462,152	153,456	176,999	63,130	42,864	20,778
Number Of Employees	39	40	22	45	46	22	21	7	8	3	2	1
EBITDA*	-497,527	4,959	337,686	265,191	265,632	244,268	33,673	145,282	96,049	135,054	94,388	9,704

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	293,601	377,664	1,155,476	1,466,941	479,515	317,527	165,491	170,358	150,483	119,809	77,146	16,699
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	29,171	29,171	29,171	29,171	29,171	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	322,772	406,835	1,184,647	1,496,112	508,686	317,527	165,491	170,358	150,483	119,809	77,146	16,699
Stock & work in progress	290,620	173,240	352,620	400,032	564,620	348,150	250,158	151,170	195,625	71,625	32,457	5,260
Trade Debtors	0	35,000	104,000	0	885,903	189,288	287,103	83,696	102,648	1,983	682	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Cash	792,863	1,084,709	1,019,703	1,135,755	1,204,288	1,034,797	565,883	68,033	13,455	84,503	81,971	22,188
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,083,483	1,292,949	1,476,323	1,535,787	2,654,811	1,572,235	1,103,144	302,899	311,728	158,111	115,110	27,448
total assets	1,406,255	1,699,784	2,660,970	3,031,899	3,163,497	1,889,762	1,268,635	473,257	462,211	277,920	192,256	44,147
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,344,124	1,057,002	1,914,555	2,436,329	2,653,931	1,501,385	1,003,265	204,843	274,540	137,018	131,793	39,932
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,344,124	1,057,002	1,914,555	2,436,329	2,653,931	1,501,385	1,003,265	204,843	274,540	137,018	131,793	39,932
loans	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,344,124	1,057,002	1,914,555	2,436,329	2,653,931	1,501,385	1,003,265	204,843	274,540	137,018	131,793	39,932
net assets	62,131	642,782	746,415	595,570	509,566	388,377	265,370	268,414	187,671	140,902	60,463	4,215
total shareholders funds	62,131	642,782	746,415	595,570	509,566	388,377	265,370	268,414	187,671	140,902	60,463	4,215

	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-581,590	-104,685	178,145	100,328	148,687	149,757	-4,629	104,657	61,293	108,285	77,862	5,660
Depreciation	84,063	109,644	159,541	164,863	116,945	94,511	38,302	40,625	34,756	26,769	16,526	4,044
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-35,383	-20,174	-30,297	-30,752	0	-24,118	-14,769	-28,262	-21,874	-1,600
Stock	117,380	-179,380	-47,412	-164,588	216,470	97,992	98,988	-44,455	124,000	39,168	27,197	5,260
Debtors	-35,000	-69,000	104,000	-885,903	696,615	-97,815	203,407	-18,952	100,665	1,301	682	0
Creditors	287,122	-857,553	-521,774	-217,602	1,152,546	498,120	798,422	-69,697	137,522	5,225	91,861	39,932
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-292,785	-604,214	-276,059	1,077,906	474,796	711,459	529,700	114,874	-5,863	71,548	136,496	42,776
Investing Activities
capital expenditure	0	668,168	151,924	-1,152,289	-278,933	-246,547	-33,435	-60,500	-65,430	-69,432	-76,973	-20,743
Change in Investments	0	0	0	0	29,171	0	0	0	0	0	0	0
cash flow from investments	0	668,168	151,924	-1,152,289	-308,104	-246,547	-33,435	-60,500	-65,430	-69,432	-76,973	-20,743
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	100
interest	939	1,052	8,083	5,850	2,799	4,002	1,585	204	245	416	260	55
cash flow from financing	939	1,052	8,083	5,850	2,799	4,002	1,585	204	245	416	260	155
cash and cash equivalents
cash	-291,846	65,006	-116,052	-68,533	169,491	468,914	497,850	54,578	-71,048	2,532	59,783	22,188
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-291,846	65,006	-116,052	-68,533	169,491	468,914	497,850	54,578	-71,048	2,532	59,783	22,188

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DUREST BEDS LTD group structure

Durest Beds Ltd has no subsidiary companies.

Ultimate parent company

DUREST BEDS LTD

06836242

DUREST BEDS LTD Shareholders

mussrat iqbal

100%

Durest Beds Ltd currently has 1 director, Mr Mussrat Iqbal serving since Mar 2009.

officer	country	age	start	end	role
Mr Mussrat Iqbal	United Kingdom	46 years	Mar 2009	-	Director

P&L

March 2021

turnover

2.9m

+47%

operating profit

-581.6k

gross margin

26.1%

-11.66%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2021

net assets

62.1k

-0.9%

total assets

1.4m

-0.17%

cash

792.9k

-0.27%

net assets

Total assets minus all liabilities

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company number

06836242

Type

Private limited with Share Capital

industry

31030 - Manufacture of mattresses

incorporation date

March 2009

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

luxury beds direct ltd (May 2010)

incorporated

address

suite one peel mill, commercial street, morley, west yorkshire, LS27 8AG

last accounts submitted

March 2021

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 2 charges/mortgages relating to durest beds ltd. Currently there are 0 open charges and 2 have been satisfied in the past.

durest beds ltd Company Information

durest beds ltd Estimated Valuation

durest beds ltd Estimated Valuation

durest beds ltd Estimated Valuation

Durest Beds Ltd Overview

Durest Beds Ltd Health Check

DUREST BEDS LTD financials

durest beds ltd Credit Report and Business Information

Durest Beds Ltd Competitor Analysis

durest beds ltd Ownership

durest beds ltd directors

durest beds ltd company details

durest beds ltd Charges & Mortgages

durest beds ltd Companies House Filings - See Documents