Brightmedia Limited

Brightmedia Ltd, based in Lincoln, UK, is a small, active company established 30 years ago in 1994. With six employees and £586,744 in assets, it operates from a real address and is overseen by three directors and two owners. The company is an irregular importer, bringing in machinery, boilers, and mechanical appliances—parts for just two months, with the last import in October 2023. Conversely, it’s a regular exporter of electrical machinery and equipment, shipping goods for 26 months, with the most recent export in November 2024.

Bright Media’s website reveals a dual business model. Primarily, it’s an independent IT reseller and complete office solutions company, supplying everything from stationery to IT hardware and software. The site details a history dating back to 1999, founded by Becky and Debs, and boasts a commitment to “brightening offices for 21 years.” The website also highlights a separate division focused on high-end piano restoration, a venture that operates from Cambridge and even has a showroom in Harrods, London. This division specializes in museum-grade restorations, self-play system integrations, and disaster recovery services.

Financial analysis shows a concerning trend. Cash reserves have plummeted by an astonishing 98%, leaving just £2,700 remaining. Bank borrowings have surged 150%, reaching £150,000, while net assets have declined by 51%, settling at £7,500. Trade debtors have increased significantly by 36%, indicating potential payment delays. Creditors have also risen by 17%, suggesting increased short-term liabilities. While the company meets the criteria for a small business—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—the substantial decrease in cash and equity raises questions about its financial health. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. The increase in employees from six to nine, however, suggests a period of growth, though whether this is sustainable remains to be seen.

Registered in England/Wales under the registration number 02935043, with a registered address at LN2 1BD, England, Lincoln, The Terrace, Grantham Street.

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