Lettus Grow Ltd

Lettus Grow Ltd, based in Bristol, UK, is a small holding company with an active status, established nine years ago in 2015. Employing 37 people, the company holds assets totaling £2,081,449. It’s a real address, with six directors and two owners, and enjoys a stellar 5.0 Google rating based on 11 reviews. The company regularly imports electrical machinery and equipment, with the last import operation occurring in December 2024.

Lettus Grow Ltd specializes in advanced aeroponics technology for indoor farming and greenhouse applications. Its website showcases a range of products and services, including aeroponic rolling benches and container farms, and highlights its commitment to sustainable food production. The company’s focus is on providing solutions for vertical farms and greenhouses, emphasizing faster plant growth, reduced water and fertilizer use, and pesticide-free cultivation. It’s a technology-driven business, with a strong emphasis on research and development, and works with leading horticultural institutions like the John Innes Centre and Wageningen University. It doesn’t appear to be an e-commerce operation, instead focusing on project sales and technical support.

Financially, Lettus Grow Ltd shows a mixed picture. While net assets increased by 10% to £2,100,000, cash reserves decreased by 5.8% to £1,400,000. Bank borrowings increased significantly, by 2400%, reaching £29,000, and trade debtors rose by 890%, suggesting delayed customer payments. Creditors decreased by 18%, which is a positive sign. 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 increase in bank borrowings and the decline in cash reserves suggest a need for careful financial management. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited.

Overall, Lettus Grow Ltd is a growing company with innovative technology, but it’s important to monitor its financial health closely, particularly its ability to manage cash flow and collect payments from customers.

Registered in England/Wales under the registration number 09893012, with a registered address at BS4 4EU, United Kingdom, Bristol, Unit 4 Avon Valley Business Park, Chapel Way.

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