Allied Lighting Limited

Allied Lighting Limited, based in Preston, UK, is a small, family-run business with an active status, established nineteen years ago in 2006. Employing just one person, the company operates from a real address within the 4 Riversway Business Village and is managed by one director and two owners. It holds a Google rating of 3.0 based on two reviews. While it occasionally imports goods, its import activity has been minimal, with just five months of imports recorded, the last in 2016.

The company’s core business involves the wholesale of radio, television goods & electrical household appliances. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. Its website is non-existent, so it’s unclear if it operates an e-commerce platform or solely functions as a wholesale supplier.

Financially, Allied Lighting Limited presents a concerning picture. Current assets have completely vanished, dropping 100% to zero, while net assets have plummeted 12% to -£240,000. Bank borrowings remain steady at £190,000, but cash reserves have fallen 30% to £28,000. Creditors have also decreased by 69%, which is good, but the overall trend suggests the company is struggling to generate revenue and manage its expenses. The company's small size helps it stay agile, but the sharp decline in equity raises serious questions about its long-term viability. With no auditor mentioned, the financial statements are unaudited, which is normal for a small company.

In short, Allied Lighting Limited is facing significant financial challenges. While its wholesale business may continue to operate, the company's current trajectory suggests it's burning through money and needs to find a way to improve its financial health.

Registered in England/Wales under the registration number 05762369, with a registered address at PR2 2YP, England, Preston, 4 Riversway Business Village Navigation Way, Ashton-On-Ribble.

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