Lbs Distribution Ltd

Lbs Distribution Ltd, based in Hoddesdon, UK, is a small, active company established eighteen years ago. With sixteen employees and £2,103,195 in assets, it operates from a real address and is managed by three directors and one owner. The company regularly imports and exports clocks, watches, and their parts, with 208 months of import activity and 61 months of export activity recorded. Its status is active.

The company's website reveals a surprising focus: cannabis distribution. While initially presenting as a distributor of clocks and watches, Lbs Distribution’s site details a wholesale operation specializing in flower, vape, and preroll products. It collaborates with growers and producers, offering services like flower packaging, preroll production, and vape manufacturing. The company emphasizes quality, reliability, and compliance within the cannabis industry, catering to retailers in California and New York. It also has a newsletter to subscribe to.

Financially, Lbs Distribution Ltd shows a mixed picture. Cash reserves increased significantly by 200%, reaching £290,000, while current assets grew by a modest 3.7% to £2,100,000. However, trade debtors decreased by 16%, and bank borrowings increased. Creditors also decreased by 9.4%. Despite these changes, the company’s equity increased by 7%, reaching £1,700,000. The company is small, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The accounts are unaudited, and no auditor is mentioned. The company's net current assets liabilities increased by 7.1%. It is likely exempt from an audit.

Registered in England/Wales under the registration number 06044602, with a registered address at EN11 0LB, England, Hoddesdon, Herts, 28 Plumpton House Plumpton Road.

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