Labl.it Solutions Ltd

Labl.it Solutions Ltd is a small, active holding company based in Chilworth, UK. Founded four years ago in November 2020, the company employs five people and holds £190,295 in assets. It's a family business with three directors and four owners, and currently boasts a perfect 5.0 Google rating from three reviews. The company operates in the wholesale of computers, computer peripheral equipment and software, and business and domestic software development. It’s an irregular importer, with its top import category being Paper and Paperboard Products, totaling one month of imports.

The company's website reveals its core offering: an all-in-one labelling solution for commercial kitchens. Labl.it provides a printer and software that helps kitchens easily print Natasha’s Law and EHO prep labels, increasing compliance, boosting kitchen profitability, and improving staff productivity. It partners with Ecologi to offset its environmental impact, planting 19 trees for every equivalent tree used in paper production. The website emphasizes ease of use, with features like barcoding, easy installation, and a simple pricing structure. It even offers a free 14-day trial and a no-obligation demo.

Financially, Labl.it Solutions Ltd shows some interesting trends. Accumulated amortisation for intangible assets increased by 120%, while depreciation for plant machinery grew by 240%. Cash bank on hand increased by 43% to £15,000, but creditors surged by 69% to £380,000. The company’s average number of employees increased slightly, from five to six. While the company is small, meeting two of three criteria for a small company, the increase in creditors suggests the business may be relying on borrowing to fund its operations. The lack of an auditor mentioned, likely due to its small size, means the financial statements are unaudited. Overall, Labl.it Solutions Ltd appears to be a growing business with a unique product offering, but its increasing debt levels warrant close monitoring.

Registered in England/Wales under the registration number 13041464, with a registered address at SO16 7NP, England, Chilworth, Hampshire, 2 Venture Road, Southampton Science Park.

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