Lexicom Technology Ltd

Lexicom Technology Ltd from Hastings UK is a small, active company founded 20 years ago. Employing six people and holding £706,780 in assets, it's a well-established business with a real address and two directors and owners. The company regularly imports and exports electrical machinery and equipment, with 8 months of import activity and 6 months of export activity recorded, the last import operation made in August 2024.

The company operates in the wholesale of computers, computer peripheral equipment and software industries. It appears to have a simple website, but no active e-commerce presence is evident. The business seems to focus on wholesale distribution rather than direct sales to consumers.

Financially, Lexicom Technology Ltd has seen some concerning trends. Accrued liabilities deferred income dropped by a staggering 100%, while cash bank on hand plummeted 87% to just £120,000. Trade debtors also took a hit, decreasing by 91% to £100,000. However, creditors decreased by 78% to £410,000, suggesting better debt management. The company’s small size (meeting two of three conditions for being small) helps it stay agile, but the sharp decline in cash reserves and the increase in deferred income raise questions about its liquidity. The company's net assets also decreased by 19%, from £560,000 to £450,000. With no auditor mentioned, the figures are unaudited.

Despite the challenges, Lexicom Technology Ltd has been around for two decades, suggesting a degree of resilience. The company’s focus on electrical machinery and equipment, both imported and exported, indicates a specialized niche. Whether it can navigate the current financial pressures and continue its operations remains to be seen, but its long history demonstrates a certain level of business acumen.

Registered in England/Wales under the registration number 05385807, with a registered address at TN34 3BY, England, Hastings, 11-12 Strongs Passage 11-12 Strongs Passage.

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