Lakeland Kitchens Limited

Lakeland Kitchens Ltd from Kendal UK: small company, active status, founded 8 years ago, 7 employees, £582,687 assets, real address, 2 directors, 2 owners. Regular importer of furniture, lighting, and prefabricated buildings (9 months imported). It’s a private limited company registered in England/Wales with the registration number 10209205, and operates in the wholesale of household goods. Officially, it has two owners or PSCs, two directors, and seven employees.

The company's website showcases a focus on luxury German kitchens, specifically Leicht, offering a range of styles from modern to traditional. They operate showrooms in Kendal and Wilmslow, and offer bespoke kitchen design services, alongside appliance integration from brands like Neff, Siemens, BORA, and Miele. The website also highlights residential and contract projects, emphasizing their expertise in kitchen restoration and design. It's clear they’re targeting a high-end market, appealing to customers seeking premium kitchen solutions.

Financially, Lakeland Kitchens Ltd presents a mixed picture. While current assets increased by 61% to £580,000, net assets only rose by 17% to £230,000. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. 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 agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s increase in bank borrowings and decrease in cash reserves, combined with the rise in trade debtors, suggests it might be burning through money faster than it’s bringing in revenue. However, the growth in current assets indicates increased sales, which could be a positive sign. The lack of a mentioned auditor is not unusual for a small company, but it does mean the financial information hasn’s been independently verified.

Registered in England/Wales under the registration number 10209205, with a registered address at LA9 4DP, England, Kendal, 14 Wainwrights Yard.

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