Lewis And Irene Limited

Lewis And Irene Limited is a small, family-run business based in Romsey, UK, with an active trading status. Founded eleven years ago in 2013, the company employs seven people and holds £650,460 in assets. It operates from a real address and is overseen by five directors and two owners. The company is a irregular importer of knitted or crocheted fabrics, with just one month of import activity recorded, and a regular exporter of cotton products, with four months of export activity.

The company’s website, Lewis And Irene, focuses on design and crafts, selling a wide range of fabrics, yarns, and craft supplies. It appears to be primarily an online retailer, with a strong emphasis on unique and high-quality materials. While no e-commerce functionality is apparent, the website serves as a catalogue and brand showcase.

Financially, Lewis And Irene Limited shows a mixed picture. While current assets remained steady at £650,000, net assets decreased by 9.6% to £270,000. Bank borrowings were reduced by 43% to £48,000, and cash reserves dropped 13% to £150,000. Creditors increased by 7.3% to £400,000, suggesting a need to manage short-term liabilities. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the decrease in equity raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's financial data suggests it's navigating a period of change. While it maintains a healthy level of assets, the decrease in equity and increase in creditors indicate a need to carefully manage expenses and cash flow. The business’s focus on design and its family-run nature likely contribute to its unique brand identity, but its long-term success will depend on its ability to adapt to market trends and maintain financial stability.

Registered in England/Wales under the registration number 08762117, with a registered address at SO51 7RD, Romsey, Hampshire, 2 Campion Drive.

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