Lifesize Models Limited

Lifesize Models Ltd, based in Cwm, Blaenau Gwent, is a small, active family business established seven years ago. With just two employees and £129,174 in assets, it operates from a real address and is managed by three directors and three owners. The company boasts a perfect 5.0 Google rating based on five reviews, indicating high customer satisfaction. It’s an irregular importer, primarily dealing in toys, games, and sports equipment, with its last import operation occurring over four years ago in November 2018. The business operates in the retail sale via mail order houses or via internet industries.

The company’s website, while not actively maintained, suggests a focus on model shops and related supplies. It’s unclear if the website is still operational, but it highlights a range of model kits, paints, and tools. It’s a small operation, meeting two of the three criteria to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Lifesize Models Ltd presents a mixed picture. Net assets have significantly decreased, dropping 89% to just £2,900, while cash reserves have fallen 29% to £14,000. Bank borrowings have also decreased, falling 48% to £6,500, which is a positive sign. Trade creditors have also decreased by 48%, suggesting improved debt management. However, the significant drop in equity raises concerns about the company’s financial stability. The company’s small size allows for flexibility, but the declining equity needs to be monitored. With no auditor mentioned, the financial statements are unaudited.

Overall, Lifesize Models Ltd appears to be navigating a challenging period. While customer reviews are excellent, the financial data suggests a need for careful management and a potential need to explore new revenue streams.

Registered in Wales under the registration number 11286577, with a registered address at NP23 7ST, United Kingdom, Cwm, Blaenau Gwent, Lifesize Models, Marine Street.

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