Lateral Line Ltd

Lateral Line Ltd is a small, active company based in London, UK, founded eighteen years ago in 2006. With just one employee and £182,475 in assets, it’s a solo founder operation led by three directors and one owner. The company operates from a real address and is a regular importer, primarily of drinks, alcohol, and vinegar, with nine months of import activity recorded, the latest in November 2024.

The company's website reveals it's the UK and Ireland distributor for Destilerias Arehucas, a Canarian distillery producing rums and liqueurs under the Arehucas and Artemi brands. The website highlights the history and quality of these products, emphasizing the traditional methods and the use of Canarian honey. It’s clearly a focused distribution business, offering both wholesale and retail opportunities.

Financially, Lateral Line Ltd shows a mixed picture. Cash bank on hand increased significantly by 77% to £97,000, while accrued income rose to £950. However, accrued liabilities decreased by 38% to £2,500. Corporation tax payable spiked by 970% to £18,000, which is a little concerning. Trade debtors decreased by 4.2% to £34,000, and total assets less current liabilities increased by 77% to £140,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the rise in corporation tax is something to keep an eye on. As a small company, it’s exempt from an audit, so these figures are unaudited.

Overall, Lateral Line Ltd seems to be holding its own, benefiting from a strong brand partnership. However, the rise in tax liabilities suggests a need for careful financial management going forward.

Registered in England/Wales under the registration number 05882583, with a registered address at NW8 7LT, England, London, 7 Kings Court, 31 Prince Albert Road.

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