Lai Aquatics International Ltd

Lai Aquatics International Ltd, based in Essex, UK, is a small, active company founded 17 years ago. With a single employee and £10,999 in assets, it operates from a virtual address and is led by two directors and a solo founder, boasting a stellar 5.0 Google rating from eight reviews. The company specializes in the retail sale via mail order and internet, as well as other retail sales not in stores. Visitors are most welcome to view and select discus from their purpose built discus room by prior arrangement.

The company’s website highlights a passion for Discus fish, offering a wide selection and even supporting customers with videos and photos of stock. They deliver throughout the UK and maintain over 20,000 litres of dedicated tanks, housing over a thousand Discus. The business emphasizes honesty, transparency, and integrity, with a focus on natural immunity and extensive quarantine procedures. David Lai, the founder, frequently travels to farms in Malaysia and Brazil to source stock, leveraging his native Malaysian background to overcome cultural barriers.

Financially, Lai Aquatics International Ltd presents a mixed picture. Current assets decreased by 17% to £11,000, while net assets remained negative at -£5,200. Bank overdrafts reduced by 22% to £7,600, and creditors decreased by 14% to £18,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the negative equity and reduced cash reserves suggest it's burning through money. The unaudited figures, exempt as a small company, rely on director-reported data.

While the company’s Google rating and focus on rare Discus indicate customer satisfaction, the financial data reveals a need for careful management. It's likely that the business is in a period of growth and investment, but the lack of a positive equity position warrants close monitoring.

Registered in England/Wales under the registration number 06495656, with a registered address at RM2 5SH, Essex, 5 Margaret Road, Romford.

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