Lambland Limited

Lambland Ltd, hailing from Ilfracombe, UK, is a small, family-run business with a 20-year history and an active trading status. Employing six people and holding £147,271 in assets, it operates from a real address and is overseen by three directors and two owners. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating from 49 reviews. It’s an irregular importer, primarily dealing in footwear and related items, with the last import activity recorded just one month ago.

Lambland’s website showcases a wide range of sheepskin and leather goods, from rugs and slippers to clothing and accessories. It caters to both men and women, with a particular emphasis on British-made products. The site highlights a commitment to quality and craftsmanship, with detailed product descriptions and lifestyle imagery. It also offers a newsletter for updates and promotions.

Financially, Lambland Ltd’s recent report paints a mixed picture. Current assets have decreased by 25% to £150,000, while net assets have fallen by 58% to £65,000. Bank borrowings have surged by a significant 120%, reaching £67,000, and cash reserves have dropped 0.17% to £9,100. Trade debtors have increased by 150%, suggesting a possible need to manage customer payments more closely. Creditors have decreased by 7.6%, which could be a positive sign of improved 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) allows for flexibility, but the decline in equity is a cause for concern. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Lambland Ltd appears to be navigating a challenging economic climate. While its e-commerce site and product range are attractive, the financial report suggests a need for careful management and a focus on profitability.

Registered in England/Wales under the registration number 05341265, with a registered address at EX34 8PY, England, Ilfracombe, Devon, 1 Lundy View, Mullacott Industrial Estate.

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