Formation Lighting Ltd

Formation Lighting Ltd, based in Highbridge, UK, is a small, active company founded ten years ago in December 2014. Employing 26 people, it holds assets worth £2,427,506. With five directors and no reported owners, the company operates from a real address and regularly imports and exports furniture, lighting, and prefabricated buildings – 176 months of imports and 3 months of exports recorded.

The company's website paints a picture of a specialist architectural lighting manufacturer supplying solutions across the UK. It focuses on design-led products, offering tailored solutions for commercial offices, residential spaces, and various industries. It’s a UK-based manufacturer, emphasizing British design and supply, with a strong focus on technical support and product design, even offering 3D modelling for detailed design exploration. They also provide onsite support and have a showroom.

Financially, Formation Lighting Ltd shows a mixed picture. Creditors have decreased significantly, dropping by 14%, which could indicate improved debt management. However, bank borrowings have increased by 11%, and cash bank on hand has risen by 31%. Net assets have increased by 37% to £1,700,000, a positive sign. While the company’s employee numbers have increased by 38% to 36, this could be a result of increased demand. The company’s net current assets have also increased by 100%, which is a good sign.

The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility. The increase in bank borrowings, however, suggests it may be investing in growth or facing increased operational costs. The absence of an auditor is common for small companies, so the financial statements rely on internal reporting. It’s worth noting that the directors list was changed one month ago, which is a good sign.

Registered in England/Wales under the registration number 09361288, with a registered address at TA9 4AR, England, Highbridge, Unit 1 Evercreech Way.

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