Foss Led Ltd

Foss Led Ltd from Wells UK is a small holding company with an active status, founded nine years ago. Employing twelve people and holding £2,259,177 in assets, it operates from a virtual address – a point of note as 143 companies share this location. The company is managed by three directors and owned by Linear Ventures Ltd. It regularly imports and exports furniture, lighting, and prefabricated buildings, with a history of 117 months of imports and 24 months of exports.

The company’s website is not available for analysis, making it difficult to determine if it operates an e-commerce platform. However, it’s known that the company operates in the wholesale of furniture, carpets, and lighting equipment industries.

Financially, Foss Led Ltd presents a mixed picture. Accumulated depreciation on property, plant, and equipment has increased significantly, with a 200% growth in Long Leasehold Assets, Land Buildings. However, cash bank on hand has also grown by a substantial 52%, reaching £440,000. Bank borrowings have decreased by 25%, and current assets have increased by 25% to £2.3 million. Creditors have also decreased, suggesting improved debt management. A notable increase in trade debtors, however, by 24%, could indicate difficulties in collecting payments. The company's small size—meeting two of three conditions for being a small company—allows for agility, but the increase in deferred tax liabilities, by 45%, warrants further investigation. The company is exempt from audit, so the figures are unaudited.

Overall, Foss Led Ltd appears to be navigating a period of change, with growth in assets and cash offset by increased depreciation and deferred tax obligations.

Registered in England/Wales under the registration number 09937883, with a registered address at BA5 2PF, United Kingdom, Wells, Somerset, 20 Chamberlain Street.

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