Lavinn Ltd

Lavinn Ltd is a small, active company based in London, UK, founded eleven years ago in 2014. It’s a solo-founder operation with two employees and £14,555 in assets, operating from a virtual address shared by 984 other companies. The company is led by a single director and owner, Aksoy Soner.

Lavinn Ltd's website paints a picture of a trading and logistics firm, rather than a retail business as initially suggested by its incorporation details. It offers procurement, logistics, and consulting services, including customs brokerage, and even supplies food, construction materials, and chemical products. The company's website also highlights a focus on textile products, chemical products, and construction materials, suggesting a B2B model rather than direct consumer sales.

Financially, Lavinn Ltd shows a mixed picture. While cash reserves have increased dramatically—up 1,100% to £3,200—net assets have plummeted 110% to -£41,000. Creditors have also risen significantly, increasing 110% to £58,000, and bank overdrafts have decreased drastically, down 98% to just £170. Total inventories have also increased by 83% to £11,000. The company's small size (meeting two of three criteria for a small company) allows for agility, but the substantial equity decline and rising debts indicate potential financial strain. The accounts are unaudited and were prepared using FRS 102, and the company is exempt from an audit.

It seems that Lavinn Ltd is burning through money, with a focus on expanding its trading and logistics services, but it's facing challenges in managing its debts and maintaining a healthy equity position. Whether it can sustain this growth trajectory remains to be seen.

Registered in England/Wales under the registration number 08992124, with a registered address at N8 0RL, England, London, Demsa Accounts 565 Green Lanes, Haringey.

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