La Lab Diamonds Ltd

La Lab Diamonds Ltd, based in London, UK, is a small, active company founded four years ago. With just two employees and £47,675 in assets, it operates from a virtual address shared by 125 other companies, a detail that raises some eyebrows. The company is led by a solo founder, Bendayan Shlomo, who also serves as director and owner, and enjoys a stellar 5.0 Google rating from 45 reviews. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent activity recorded just one month ago.

The company’s website highlights a diverse range of services: retail sales of watches and jewellery, sales via stalls and markets, and other service activities. It also appears to operate a website selling jewellery and watches, suggesting a focus on retail and potentially online sales. It’s not immediately clear how closely the two operations are linked, but both emphasize a focus on retail and customer service.

Financially, La Lab Diamonds Ltd shows a remarkable turnaround. Current assets have skyrocketed by 3000%, reaching £48,000, while net assets have surged from -£1,300 to a healthy £21,000. Cash reserves have also seen a massive increase, jumping 800% to £990. Trade debtors have risen by 86%, suggesting increased sales or extended credit terms. However, creditors have also increased significantly, with non-financial instruments rising dramatically. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is typical for small companies.

The company’s rapid financial turnaround is noteworthy. While the increase in creditors warrants monitoring, the substantial growth in assets and cash reserves suggests a period of strong performance. It’s possible that the company has successfully expanded its sales or improved its operational efficiency. The solo founder’s leadership seems to be paying off, but the reliance on a single individual also presents a potential risk.

Registered in England/Wales under the registration number 12965995, with a registered address at NW4 4NJ, England, London, 129 Station Road.

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