Lemoine Limited

Lemoine Limited, based in Farnborough, UK, is a small, active family business established fifteen years ago. With six employees and £221,646 in assets, the company operates from a real address and is managed by two directors and two owners. It’s an irregular importer, primarily bringing in vehicles, parts, and accessories (excluding trains and trams), with its last import activity recorded one month ago in September 2019. The company’s activities include operating as agents for various products, wholesale of computers and software, and acting as agents for machinery and industrial equipment.

The company’s website is non-existent, so it’s impossible to determine if they have an e-commerce presence. This suggests a business-to-business model, relying on direct sales or wholesale partnerships rather than online retail.

Financially, Lemoine Limited presents a mixed picture. While net assets grew by 2.9% to £150,000, current assets decreased by 8.7% to £220,000. Bank borrowings significantly increased by 39%, reaching £7,900, while cash reserves fell by 3.2% to £160,000. Trade debtors saw a substantial drop of 22%, which could indicate improved collection practices. Creditors increased by 66%, which may be a result of increased purchasing activity. 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 flexibility, but the increase in borrowings and decrease in cash reserves could be a cause for concern. As a small company, it is exempt from an audit, so the financial data is unaudited.

The company's financial data suggests that it is not burning through money like a startup, but rather experiencing typical fluctuations. The increase in bank borrowings could be to fund inventory or expansion, while the decrease in cash reserves may be a temporary setback. The directors, Mayne Anne Christine and Mayne Christopher David, are likely focused on maintaining the company's core business and navigating the challenges of the current economic climate.

Registered in England/Wales under the registration number 07194229, with a registered address at GU14 9RY, England, Farnborough, 5 Andrews Road.

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