Leanpath Ltd

Leanpath Ltd is a small, active company based in London, UK, established eleven years ago in September 2013. With nine employees and £266,980 in assets, it operates from a real address and is overseen by two directors and two owners. The company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with the most recent import activity occurring two months ago in October 2023. Leanpath Ltd is involved in the manufacture of electronic industrial process control equipment.

The company’s website is currently unavailable, making it difficult to assess its online presence or e-commerce activities.

Financially, Leanpath Ltd presents a mixed picture. While average employee numbers increased slightly to ten, net current assets liabilities deepened to -£2.2 million, a significant increase from -£1.7 million the previous year. Cash bank on hand improved considerably, rising 38% to £200,000, and trade debtors increased by 74% to £25,000. However, creditors also rose, increasing by 29% to £2.5 million. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the substantial equity decline suggests potential financial pressures. The company’s financial statements are unaudited, and no auditor is mentioned, which is typical for small companies.

The rise in creditors and the negative equity, coupled with the increase in bank borrowings, may indicate that Leanpath Ltd is burning through cash to sustain operations. The increase in trade debtors could be a result of offering more credit to customers, which could be a risky strategy.

Registered in England/Wales under the registration number 08700613, with a registered address at WC2E 8PS, United Kingdom, London, Redfern Legal Llp 7 Henrietta Street, Covent Garden.

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