Lazeco Ltd

Lazeco Ltd from Grantham UK: small company, active status, founded 6 years ago, 1 employee, £33,662 assets, real address, 1 director, 1 owner. It’s a small business, meeting two of the three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company has been active since its incorporation on February 15, 2019, and currently employs just one person. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, Lazeco, presents itself as a provider of “excellence in retail,” offering a curated collection of “premium products.” The site emphasizes creativity, timely delivery, cost effectiveness, and a strong online presence. It uses phrases like "driven by values" and "talent wins games, but teamwork and intelligence win championships." The website’s design and messaging suggest a focus on branding and marketing, with a WordPress theme and calls to action encouraging visitors to "contact us." It’s clear that Lazeco is attempting to create an ecommerce experience, showcasing products and emphasizing a premium retail feel.

Financially, Lazeco Ltd shows some encouraging trends, but also some areas of concern. Cash bank on hand increased by a whopping 110%, jumping to £33,000, which is good news. Current assets also saw a significant boost, rising 94% to £34,000. However, net assets and retained earnings both experienced a sharp decline, falling 340% to £12,000. Creditors remained relatively stable, though, which is a positive sign. The company’s small size and exemption from an audit (as a small company) means the figures are unaudited. It's a bit strange that the company has so little money in the bank.

Overall, Lazeco Ltd appears to be a small business navigating the challenges of ecommerce. While it’s showing signs of growth in some areas, the decline in equity suggests it might be burning through cash to fuel its operations.

Registered in England/Wales under the registration number 11829786, with a registered address at NG31 6LE, United Kingdom, Grantham, 80c Westgate.

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