Lake Manufacturing Ltd

Lake Manufacturing Ltd, based in Washington, UK, is a small, family-run business with an active status. Founded ten years ago in 2014, the company employs four people and holds £60,137 in assets. It operates from a real address and is managed by two directors and owners. The company specializes in retail sales via mail order and internet, offering a wide range of products including homeware, cleaning supplies, and energy-saving solutions. Its website showcases a diverse inventory, from clocks and fire pits to pet supplies and batteries, catering to various customer needs.

The website clearly focuses on e-commerce, offering free UK delivery and a 30-day money-back guarantee. Customer support is available via phone and email, and the site encourages visitors to subscribe to a newsletter for the latest offers. The website also has a section for new brands, indicating an ongoing effort to expand its product range. The site’s design is clean and user-friendly, with clear categories and a secure online payment system.

Financially, Lake Manufacturing Ltd presents a mixed picture. Current assets increased by 25% to £60,000, while net assets decreased by 39% to £110,000. Bank borrowings decreased by 57% to £330, and cash reserves fell by 54% to £3,600. Creditors increased by 24% to £61,000, and trade debtors rose by 230% to £19,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in equity suggests a need for careful financial management. No auditor is mentioned, likely due to the company’s small size and exemption from audit requirements. The company’s reliance on retained earnings, which have decreased significantly, may be a cause for concern.

Registered in England/Wales under the registration number 09070180, with a registered address at NE38 0AD, Washington, Tyne And Wear, 27 Phoenix Road.

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