Lazura Limited

Lazura Limited is a small, active company based in Nottingham, UK, founded five years ago in December 2019. It’s a solo-founded operation with one employee and boasts £728,020 in assets, though it operates from a virtual address shared by ten other companies. The business is run by three directors and one owner, Burrell Nathan James, and features an e-commerce site specializing in the wholesale of wood, construction materials, and sanitary equipment. Lazura Limited is a regular importer of ceramic products, with nineteen months of import activity recorded, the latest in September 2024.

The company’s website, Wall Floor Solutions, showcases a wide selection of tiles, including brands like Karndean, Mosa, and RAK Ceramics. It’s positioned as a market-leading online retailer, offering a diverse range of products and catering to both commercial and residential customers. The site emphasizes competitive pricing, secure payments, and a 7-day return policy—hallmarks of a modern e-commerce business. It also offers free delivery and a price match guarantee.

Financially, Lazura Limited’s numbers paint a mixed picture. Current assets have declined by a significant 41%, dropping to £730,000, while net assets have plummeted 16,000%, landing at a negative £150,000. Bank borrowings have also decreased, though cash reserves have fallen by a dramatic 91%, leaving just £3,000 available. Creditors have decreased by 29%, suggesting better debt management, and trade debtors have also decreased. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The decrease in cash reserves and the negative equity suggest Lazura Limited may be burning through money. While the e-commerce side appears active and well-reviewed, the financials reveal a company facing financial pressures. The decrease in bank borrowings is a positive sign, but the company will need to carefully manage its cash flow to ensure its long-term sustainability.

Registered in England/Wales under the registration number 12350609, with a registered address at NG6 0DW, England, Nottingham, 7 Park Lane Business Centre, Basford.

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