L G Retail Group Ltd.

Lg Retail Group Ltd is a small, active company based in Sheffield, UK, founded five years ago in 2019. With £39,510 in assets and a real address, it employs three people and is overseen by two directors and two owners. The company regularly imports clocks, watches, and their parts (for seven months), with the latest import recorded in December 2024. It also exports essential oils and perfumes (for fourteen months), with the last export in April 2023.

The company operates as an international trading and wholesale business, offering a diverse range of authentic branded goods to businesses worldwide. It boasts a network of over 200 suppliers and offers brands across categories like watches, jewellery, leather goods, eyewear, fragrance, cosmetics, footwear, apparel, homeware, and luggage. A key differentiator is the experience of Graham Jarvis, who has over 25 years in the watch industry, cultivating strong relationships with brands and distributors. The company’s website highlights its focus on competitive pricing and efficient operations.

Financially, Lg Retail Group Ltd presents a mixed picture. Current assets have fallen by 24%, dropping to £40,000, while net assets have plummeted 89%, settling at just £2,900. Bank borrowings have increased, reaching £1,400, and cash reserves have decreased significantly by 85%, leaving just £1,700. Creditors have risen by 36%, reaching £37,000, and trade debtors have fallen by 56%, settling at £18,000. 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 sharp decline in equity raises concerns. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

Despite the financial pressures, Lg Retail Group Ltd appears to be maintaining its import and export activities. The company’s focus on branded goods and its experienced leadership suggest a commitment to its wholesale business, but the financial trends indicate a need for careful management and possibly a reevaluation of its strategies.

Registered in England/Wales under the registration number 12358366, with a registered address at S35 0DA, England, Sheffield, Bank House Barn Bank Side, Wharncliffe Side.

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