Lepal Ltd

Lepal Ltd from Braintree UK is a small, active company founded four years ago in June 2020. With £302,865 in assets, it operates from a real address and is led by two directors and one owner, who is also the solo founder. The company’s core business involves retail sale via mail order houses or via internet industries.

The company’s website, though not currently active, suggests a focus on fashion accessories and related products. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s sole director, Leon McGil, seems to be at the heart of its operations, also serving as the secretary.

Financially, Lepal Ltd shows some interesting trends. Cash bank on hand increased significantly by 110%, jumping to £130,000, while creditors decreased by 15%, falling to £150,000. Equity also saw a substantial increase, rising 110% to £150,000. However, trade debtors decreased by 13%, and other creditors experienced a dramatic 71% drop. It’s worth noting that the company’s net current assets liabilities also increased by 110%, reaching £150,000. The company’s accounts are described as “filleted accounts” and were prepared using Taxfiler software.

The company’s unaudited accounts, prepared by ST Accountancy Services Ltd, show a generally positive picture, with increased cash reserves and equity. However, the decrease in trade debtors and the rise in net current assets liabilities could indicate potential challenges in managing customer payments or increased short-term obligations. The company's description of principal activities is missing, which is a common occurrence in smaller, filleted accounts.

Registered in England/Wales under the registration number 12655559, with a registered address at CM7 3HQ, United Kingdom, Braintree, Essex, Corner House Corner House, Market Place.

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