Lightwear Limited

Lightwear Ltd from Plymouth UK: a small, holding company with an active status, has been operating for 36 years. With eleven employees and £414,466 in assets, it’s a modest-sized business. Two directors and one owner manage the company, which has a real registered address. Lightwear Ltd regularly imports machinery, boilers, and mechanical appliances – parts, with five months of import activity recorded, the latest in October 2023. It also exports electrical machinery and equipment, though less frequently, with one month of export activity as of July 2023.

The company operates in the printing n.e.c. industries, and its website is currently unavailable, making it difficult to assess its e-commerce presence. It’s a holding company, which means it likely owns other businesses, and its status is active.

Financially, Lightwear Ltd shows a mixed picture. Current assets have decreased by 18% to £410,000, while net assets have fallen by 23% to £250,000. Cash reserves have also declined by 27% to £190,000. Trade debtors have decreased by 8.7%, suggesting improved collection of payments, but bank borrowings have increased, reaching £29,000. Creditors have also decreased by 11%, which is a positive sign. The company meets two of the three criteria to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 25 employees.

The significant drop in equity, however, is a cause for concern, and the increase in bank borrowings could indicate a need for additional funding. As a small company, Lightwear Ltd is exempt from an audit, so the financial statements are unaudited. The company’s directors, Keam Jeffrey Stuart and Keam Angela Kathleen, changed five months ago, which could signal a shift in management strategy.

Registered in England/Wales under the registration number 02276938, with a registered address at PL7 4FF, England, Plymouth, Unit 5 Joshua Park, 1 Bell Close.

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