Lekto Woodfuels Ltd

Lekto Woodfuels Ltd, based in North Shields, UK, is a small, active company founded eight years ago. With a single employee and £397,943 in assets, it operates from a virtual address and is led by a solo founder who also serves as director and owner. The company runs an e-commerce site and regularly imports wood and wood products, with 9 months of import activity recorded.

The website showcases Lekto Woodfuels as a UK supplier of premium wood-based heating and fuel products, sourced from sustainable forests. It specializes in ready-to-burn products like night briquettes, heat logs, and kiln-dried logs, catering to both residential and commercial customers. The site emphasizes quality, convenience, and a customer-centric experience, with over 25,000 positive Trustpilot reviews. It even includes helpful guides on firewood and briquettes, reinforcing its expertise.

Financially, Lekto Woodfuels Ltd presents a mixed picture. While its assets remain substantial, cash reserves have fallen significantly by 71%, dropping to £140,000. Bank borrowings have also decreased, though bank overdrafts have slightly increased. Debtors have dramatically risen, suggesting potential issues with customer payments or expanded credit terms. Creditors have decreased, indicating improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in equity—retained earnings and accumulated losses—raises concerns. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 10226075, with a registered address at NE30 2RH, England, North Shields, Tyne & Wear, Unit 2-4 Protection House, Albion Road.

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