Lexmar Direct Limited

Lexmar Direct Ltd from Hoddesdon UK is a small, family business with an active status, established twelve years ago in 2013. The company employs just two people and holds £101,368 in assets. It operates from a virtual address – a point of note as 160 companies are registered at the same location – and is managed by two directors and two owners. Lexmar Direct is an irregular importer, primarily dealing with miscellaneous metal items, with its last import operation dating back to May 2019.

The company’s core business revolves around providing security solutions, particularly locks for healthcare settings. Its website, Lexmar Direct, showcases a range of products including printer locks, fridge locks, and cabinet locks, catering to both the NHS and private clients. The site emphasizes high-security designs, lifetime guarantees, and compliance with CQC inspections, highlighting a commitment to quality and safety. It even has a dedicated section for NHS clients, offering invoice payment options.

Financially, Lexmar Direct Ltd presents a mixed picture. Current assets have decreased by 42% to £100,000, while net assets have increased by 28% to £69,000. Bank borrowings have decreased significantly, falling 86% to £1,700, and cash reserves have dropped 46% to £8,900. Creditors have also seen a considerable decline, decreasing by 77% to £24,000. The company meets the criteria to be considered small, with turnover below £10.2 million, assets below £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is common for small, exempt companies.

Despite the decrease in cash reserves, the reduction in liabilities suggests improved debt management. The company’s focus on a niche market – security locks for healthcare – and its commitment to quality, combined with the reduction in debt, indicates a resilient, albeit financially tight, operation. The virtual address, however, warrants further investigation.

Registered in England/Wales under the registration number 08437424, with a registered address at EN11 8UR, England, Hoddesdon, Hertfordshire, 1 Tower House, Tower Centre.

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