Light - Tech Limited

Light-Tech Limited, based in Southampton, UK, is a small, family-run business with an active trading status. Established 38 years ago in 1986, it holds £111,161 in assets and operates from a registered address which is probably virtual, given that 36 other companies share the same location. The company is managed by three directors and owned by two individuals, Fast Linda and Fast Robert. It’s a modest operation, meeting two of three criteria for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Light-Tech’s core business involves specialised design activities, and it’s an irregular importer, primarily bringing in furniture, lighting, and prefabricated buildings – with just one month of import activity recorded as of June 2023. While no website is available, the company’s profile suggests a focus on lighting equipment installation and sales.

Financially, Light-Tech Limited shows some positive trends. Cash bank on hand increased by 32% to £110,000, and net assets rose 31% to £98,000. However, trade debtors decreased significantly by 58%, suggesting slower customer payments. Creditors also fell by 27%, which could be a good sign of improved debt management. The company’s bank borrowings decreased by 58%, which is a good sign. The lack of employees (zero reported) hints at a lean operation. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Light-Tech Limited appears to be holding its own, with improving cash flow and assets. However, the decrease in trade debtors warrants attention. The company’s long history and family ownership suggest a stable foundation, but its financial health will depend on maintaining positive cash flow and managing customer payments effectively.

Registered in England/Wales under the registration number 02053491, with a registered address at SO14 6RG, England, Southampton, Partnership House, 84 Lodge Road.

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