Latinport Ltd

Latinport Ltd is a small, active company based in London, UK, founded five years ago in 2020. It holds £45,662 in assets and operates from a real address, managed by one director and three owners. The company is a irregular importer of electrical machinery and equipment, with just two months of import activity recorded, and a regular exporter, with four months of export activity.

The company's website showcases a range of products, primarily radio FM transmitters, audio processors, alarms, and IP encoders/decoders, sold through an e-commerce platform. It appears to be a B2B operation, catering to broadcast and vision professionals, with a focus on quality components and competitive pricing. The website includes a shopping cart, customer information pages, and a wish list feature, suggesting a fully functional online store.

Financially, Latinport Ltd shows some interesting trends. Cash bank on hand increased by 38% to £21,000, while creditors rose by 46% to £21,000. Trade debtors remained constant at £8,800, and total inventories increased by 440% to £16,000. A significant drop in retained earnings and accumulated losses—from £4,300 to £27,000—suggests the company is reinvesting heavily in its business. Plant machinery and equipment increased by 310% to £2,000, which could be a sign of expansion or upgrades. Tax payable, however, jumped dramatically to £4,200, which might be a one-off event. The company is exempt from an audit, and the accounts are unaudited.

Overall, Latinport Ltd appears to be a small but growing business. The increase in cash and inventories, along with the investment in plant machinery, suggests a positive outlook. However, the rising creditors and tax payable warrant close monitoring. It’s clear that the company is burning through cash, but whether this is a sustainable strategy remains to be seen.

Registered in England/Wales under the registration number 12564124, with a registered address at N4 3EG, England, London, 57 Stroud Green Road.

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