Lightoaks Workshop Ltd

Lightoaks Workshop Ltd, based in Manchester, UK, is a small, active company founded twelve years ago. With a single employee and £12,447 in assets, it operates as an e-commerce business, boasting a stellar 5.0 Google rating from ten reviews. Hale Andrew John is both the director and owner, and the company’s registered address is real, with only one other business registered there. It's a family run business.

The company’s website showcases a wide range of handcrafted oak products, from rustic shelves and fireplace surrounds to bespoke oak beams and reclaimed tables. It seems they are doing ecommerce, with a focus on British-made, high-quality oak furniture and beams, catering to both commercial and residential customers. They have a gallery of their work, and offer delivery information.

Financially, Lightoaks Workshop Ltd shows some concerning trends. While bank borrowings decreased by 38%, cash reserves plummeted 73% to just £1,700. Creditors also decreased, but net assets dropped 5.8% to £8,100. Trade debtors increased significantly, suggesting potential payment delays, and total inventories vanished completely. 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 flexibility, but the sharp decline in cash and assets warrants attention. The accounts are unaudited, and there is no auditor mentioned.

Overall, Lightoaks Workshop Ltd appears to be a niche business with a strong online presence and positive customer feedback. However, the financial data suggests the company may be burning through cash, and it’s unclear if the current business model is sustainable long term.

Registered in England/Wales under the registration number 08318327, with a registered address at M17 1SG, England, Manchester, Unit G Enterprise Park Guinness Road, Trafford Park.

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