VI - SPRING LIMITED
Trading as Vispring, the company manufactures luxury handmade pocket-sprung mattresses and beds, operating as a subsidiary of the Spanish bedding group Flex Equipos de Descanso SA.
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Cash
£4.2M
-22.2% lowest in 3 filed years
Net assets
£14M
-1.6% lowest in 3 filed years
Employees
211
+1.9% highest in 3 filed years
Profit before tax
£21M
-6.4% vs 2024
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £52,107,000 | £52,767,000 | £53,700,000 | +1.8% | |
| Operating profit | £10,915,000 | £11,728,000 | £11,186,000 | -4.6% | |
| Profit before tax | £19,024,000 | £22,860,000 | £21,408,000 | -6.4% | |
| Net profit | £16,272,000 | £19,866,000 | £18,517,000 | -6.8% | |
| Cash | £5,621,000 | £5,460,000 | £4,249,000 | -22.2% | |
| Total assets less current liabilities | £15,425,000 | £14,819,000 | £14,584,000 | -1.6% | |
| Net assets | £15,169,000 | £14,535,000 | £14,302,000 | -1.6% | |
| Equity | £15,169,000 | £14,535,000 | £14,302,000 | -1.6% | |
| Average employees | 210 | 207 | 211 | +1.9% | |
| Wages | £9,290,000 | £9,750,000 | £10,134,000 | +3.9% | |
| Directors' remuneration | £353,000 | £390,000 | £483,000 | +23.8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 20.9% | 22.2% | 20.8% | |
| Net margin | 31.2% | 37.6% | 34.5% | |
| Return on capital employed | 70.8% | 79.1% | 76.7% | |
| Gearing (liabilities / total assets) | — | 39.7% | 37.9% | |
| Current ratio | 1.76x | 1.67x | 1.71x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements. These forecasts, which incorporate reasonable possible downsides, reflect the latest view of the Company's markets, and indicate that the Company will have sufficient funds to meet its liabilities as they fall due for that period. The Directors have also forecast a severe but plausible downside scenario (of 25% reduction in order intake value from the baseline forecast) which demonstrate the company will be able to meet its liabilities as they fall due in this scenario. On this basis the directors have prepared these financial statements on a going concern basis and believe that the Company will continue in operational existence for the foreseeable future.”
Group structure
- VI - SPRING LIMITED · parent
- E S Kluft & Company Inc. 100%
- Kluft Investments Limited 100%
- Luxurious Sleep (Dongguan) Co. Ltd 49%
- Shanghai Vispring Luxury Beds Co. Ltd 51%
Significant events
- “ISO 14001 (Environmental Standards) accreditation has been held since 2024.”
- “Vispring is funding the protection of 50 acres of threatened habitat each year through the World Land Trust's 'Buy an Acre' programme.”
- “Vispring supports the World Land Trust's partner Nature Kenya to protect the coastal forest habitat of East Africa, including the Dakatcha Woodland.”
- “In partnership with Mission Without Borders and In Kind Direct, Vispring provided hundreds of container loads of beds and mattresses to communities overseas.”
- “LED lighting and solar panels have been installed across the factory to reduce energy use and carbon footprint.”
- “The Plymouth factory is working towards a zero-to-landfill policy, with baled fabric offcuts reused and waste steel recycled.”
- “Vispring purchases 88% (2024-86%) of its materials by value from UK suppliers.”
- “Electric charging points are in place at Vispring for staff and visitors' vehicles, and a staff cycle-to-work scheme remains.”
- “During 2025, silica desiccant bags were replaced with bentonite clay alternatives, and plastic packaging tape with paper tape.”
- “With effect from 1 January 2026, a majority owned subsidiary company - Shanghai Vispring Luxury Beds Co. Ltd - has been incorporated in China to take over distribution within this market. Vispring holds a 51% controlling interest.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CATOVSKY, Michael David | Secretary | 2017-10-27 | — | — |
| CATOVSKY, Michael David | Director | 2017-09-13 | Feb 1976 | British |
| GILL, Martin Muir | Director | 2023-01-01 | Nov 1969 | British |
| GONZALEZ BETERE, Rafael | Director | 2005-12-15 | Jan 1961 | Spanish |
| MORENO, Angel | Director | 2005-12-15 | Jul 1961 | Spanish |
| RAUH, Alain | Director | 2008-02-14 | Jun 1963 | French |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHAPMAN, Christopher John | Secretary | 1996-12-16 | 2000-04-10 |
| JOHNSON, Jane | Secretary | 2016-01-07 | 2017-10-27 |
| MEEHAN, Michael | Secretary | 2000-10-06 | 2016-01-07 |
| PARSONS, Graham John | Secretary | — | 1992-09-25 |
| PERKINS, Michael William | Secretary | 2000-04-10 | 2000-10-06 |
| STRATTON, Malcolm | Secretary | 1992-09-25 | 1996-12-16 |
| BOND, Stanley David | Director | 2003-10-15 | 2005-04-08 |
| BROWNLOW, Ian David | Director | — | 2001-07-30 |
| DAVIES, Michael Thomas | Director | 2003-08-06 | 2006-12-18 |
| DAVIES, Michael Thomas | Director | 1996-12-16 | 2000-10-06 |
| EDWARDS, Mark John | Director | 1996-12-16 | 2000-10-06 |
| ESPANA, Gerardo | Director | 2008-07-15 | 2022-12-31 |
| GERETY, James Anthony | Director | 2012-02-20 | 2024-11-09 |
| GODDARD, David Peter | Director | 1995-11-20 | 2000-10-06 |
| GROOS, Johannes | Director | 2007-01-02 | 2012-10-31 |
| HARDING, Ian | Director | — | 1993-06-29 |
| HARRISON, Christopher | Director | 2006-11-06 | 2022-12-31 |
| HARRISON, William | Director | 1999-04-30 | 2011-12-31 |
| HILLS, Andrew James | Director | — | 1995-08-24 |
| JOHNSON, Jane Susanne | Director | 2006-11-06 | 2017-10-27 |
| LAY, Trevor | Director | — | 2016-01-07 |
| LOYNES, David Guy William | Director | — | 1995-04-05 |
| MANT, John Stuart | Director | 1999-04-30 | 2002-11-27 |
| MCARTHUR, Frances Helen | Director | 2003-10-15 | 2006-03-24 |
| MEEHAN, Michael Richard | Director | 1995-11-20 | 2022-12-31 |
| MITCHELL, Darryl Alan Leslie | Director | — | 1994-11-01 |
| MOULDER, Robert Arnold | Director | — | 1994-04-30 |
| ORTIZ, Jose Maria | Director | 2005-12-15 | 2008-01-14 |
| PROVEDA, Jose Luis | Director | 2005-12-15 | 2008-05-16 |
| SIMPSON, Robert Dermott | Director | 2000-11-01 | 2003-08-06 |
| WESTMINSTER SECURITIES LIMITED | Corporate Director | — | 1996-12-16 |
| WILLIAMS MANAGEMENT SERVICES LIMITED | Corporate Director | — | 1996-12-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Flex Equipos De Descanso S.A. | Corporate entity | Shares 75–100% | 2017-04-30 | Ceased 2022-04-29 |
Filing timeline
Last 20 of 246 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-27 | AA | accounts | Accounts with accounts type full | |
| 2026-05-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-17 | AA | accounts | Accounts with accounts type full | |
| 2024-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-08 | AA | accounts | Accounts with accounts type full | |
| 2023-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-14 | AA | accounts | Accounts with accounts type full | |
| 2023-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-03 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2022-05-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-04-12 | AA | accounts | Accounts with accounts type full | |
| 2021-04-30 | AA | accounts | Accounts with accounts type full | |
| 2021-04-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-12-22 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.