Led Panel Store Limited

LED Panel Store Limited is a small, holding company based in Hull, UK, with an active trading status. Founded nine years ago in May 2015, the company operates an e-commerce site specializing in LED panels and related accessories. It has three directors and three owners, although the owner list is not exhaustive. The company regularly imports goods, with 55 months of import activity recorded, the latest in April 2023. The registered address is HU10 6RJ, but it’s likely a virtual address, as sixty-five companies are registered there.

The company’s website, LED Panel Store, caters to commercial businesses needing high-quality LED panel lights. They offer a wide range of options, from recessed mounting kits to suspension kits and dimmer switches, and cater to both wholesale and retail customers. The site emphasizes competitive pricing and expert advice, and even offers panels in various sizes. The company also provides information on the benefits of LED panels, highlighting their energy efficiency and long lifespan.

Financially, LED Panel Store Limited shows some concerning trends. Accrued liabilities decreased significantly, dropping 90% to just £1,400. Bank borrowings also decreased, falling 15% to £500,000. However, net assets decreased 1.8% to £330,000. Trade debtors plummeted 51%, suggesting potential issues with customer payments. Prepayments and accrued income increased, which could indicate a build-up of unbilled work. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited, and no auditor is mentioned.

Overall, LED Panel Store Limited appears to be a small, online retailer facing some financial headwinds. While the e-commerce site seems well-managed and caters to a specific niche, the declining net assets and decreasing debtors raise questions about the company’s long-term viability.

Registered in England/Wales under the registration number 09602850, with a registered address at HU10 6RJ, United Kingdom, Hull, E. Yorks, F15 The Bloc 38 Springfield Way, Anlaby.

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