Illuminart Limited

Illuminart Limited, based in Shefford, UK, is a small, active company founded six years ago. With a single employee and £5,751 in assets, it operates as an irregular importer of electrical machinery and equipment, with its last import activity occurring over two years ago. The company has two directors and two owners, Wilson Martin and Philip Browne, who also serve as directors. Its registered address is real, with only one other company registered at the same location.

Illuminart Limited's website showcases a custom lighting design and manufacturing business, catering to both commercial and residential projects. It offers a range of services, from conceptual design to installation and commissioning, and even has a presence in Sri Lanka. The company emphasizes innovation, design, and technology, and its portfolio includes projects ranging from luxury hotels to bespoke residential lighting systems. It also operates a piano restoration division, 1066 Pianos, with a showroom in Harrods.

Financially, Illuminart Limited’s report paints a mixed picture. Cash reserves have increased significantly, jumping 160% to £3,100, which is good. However, current assets have fallen by a substantial 66%, dropping to £5,800. Equity has also declined, increasing the net liabilities to -£83,000. Creditors have risen by 6.1% to £90,000, and bank borrowings have increased. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the decline in equity suggests potential financial pressures. The accounts are unaudited and exempt, relying on director-reported data.

The company’s increased debt and decreased assets could be a result of the irregular import activity and the challenges of a small business. It’s possible that the company is reinvesting in its business, or that it is facing increased competition. The two owners are likely working hard to keep the company afloat, but the financial report suggests that Illuminart Limited is facing some challenges.

Registered in England/Wales under the registration number 11709488, with a registered address at SG17 5HQ, England, Shefford, 13a Old Bridge Way.

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