Leisuretec Distribution Limited

Leisuretec Distribution Ltd, based in Leighton Buzzard, UK, is a large, active company founded 33 years ago. Employing 22 people and boasting assets of £10,460,134, the company generated a yearly revenue of £23,640,275. It operates from a real address and is led by two directors and a solo founder. The company has an e-commerce site and enjoys a stellar 5.0 Google rating based on 52 reviews. It’s a regular importer and exporter of electrical machinery and equipment, with 223 months of import activity and 36 months of export activity.

The company describes itself as AV distributors to the trade, supplying professional and commercial audio, lighting, video, special effects, and ancillary equipment. Its website showcases a broad range of products and services, catering to diverse markets including live events, education, broadcast, and retail. It also supports hire production companies, installers, and resellers. The site highlights training opportunities and a blog featuring industry news and product updates. Leisuretec’s website also details a wide range of services, including AV hire, production, and installation, as well as reseller support.

Financially, Leisuretec shows a mixed picture. While turnover increased by 27%, net assets rose by 13% to £8,000,000. However, bank borrowings increased significantly by 83%, reaching £270,000, and cash reserves decreased by 30% to £900,000. Creditors also increased by 44%, suggesting a need to manage debt. The company’s large size (meeting two of three criteria for a large company) indicates a substantial operation, and the increase in administrative expenses by 14% suggests growing overheads. The company’s auditor is Landers Accountants Ltd, and the financial statements are audited.

Overall, Leisuretec Distribution Ltd appears to be a well-established player in the AV distribution market. The company’s strong online presence, diverse customer base, and positive Google reviews suggest a healthy business. However, the increase in debt and decrease in cash reserves warrant close monitoring.

Registered in England/Wales under the registration number 02670240, with a registered address at LU7 4UH, Leighton Buzzard, Bedfordshire, Unit L3 Cherrycourt Way, Stanbridge Road.

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