Insight Cordless Lighting Ltd

Insight Cordless Lighting Ltd, based in New Eltham, UK, is a small, active company founded nine years ago. With four employees and £595,515 in assets, it operates from a virtual address, managed by two directors and a single owner who is also the solo founder. The company regularly imports furniture, lighting, and prefabricated buildings (four months of imports), and exports the same goods (101 months of exports). It’s a relatively small operation, meeting two of the three criteria to be classified as small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees).

The company’s website showcases a wide range of cordless table lamps, catering to both hospitality and residential customers. It’s clear the business is focused on e-commerce, with a user-friendly site, multiple currency options, and a detailed product catalog. The site highlights the lamps’ benefits—elegance, battery-powered convenience, and cost savings—and emphasizes its partnerships with leading hospitality brands. It’s a well-designed site, though the sheer number of currency options might be overwhelming to some.

Financially, Insight Cordless Lighting Ltd presents a mixed picture. While current assets increased by 12% to £600,000, bank cash dropped by 11% to £350,000. Trade debtors decreased by 20%, which is good, but other debtors jumped a massive 100% to £91,000 – a potentially worrying sign. Creditors also decreased, suggesting better debt management. The company’s equity increased by 17% to £510,000, which is positive, but a significant increase in inventory (1800%) to £140,000 could indicate challenges in selling stock. The company’s reliance on a virtual address, with 189 other companies registered at the same location, is something to consider. As a small company, it’s exempt from an audit, so the financial information is unaudited.

Overall, Insight Cordless Lighting Ltd appears to be navigating a period of change. The increase in inventory suggests a focus on expanding product offerings, while the fluctuating cash reserves indicate a need for careful financial management. The company’s success will likely depend on its ability to effectively manage its stock and maintain its strong online presence.

Registered in England/Wales under the registration number 09938893, with a registered address at SE9 3TL, United Kingdom, New Eltham, London, 6 Green Lane Business Park, 238 Green Lane.

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