Limeforge Ltd

Limeforge Ltd, based in Newtownards, UK, is a small, active company founded twelve years ago in 2013. With eleven employees and £135,956 in assets, it’s a family-run business operating from a real address, overseen by four directors and two owners. The company’s Google rating stands at a perfect 5.0 based on seventeen reviews. It’s an irregular importer, with its top category being leather goods, travel bags, and animal harnesses, although only two months of import activity were recorded, the last in August 2021. Limeforge Ltd also runs an e-commerce site.

The company’s website, See.Sense, focuses on cycling technology and data, offering smart bike lights and GPS trackers alongside data solutions for cities and bike fleets. It emphasizes safety, data-driven planning, and a network of smart bike sensors. The website’s content suggests a dual focus: serving individual cyclists with innovative lighting and tracking devices, and providing data insights to urban planners to improve cycling infrastructure. It’s a unique blend of consumer technology and urban data analytics.

Financially, Limeforge Ltd’s recent reports paint a mixed picture. Current assets decreased by 35% to £140,000, while net assets plummeted 16% to £1,000,000. Bank borrowings surged by a staggering 910%, reaching £83,000, and cash reserves fell 34% to £48,000. Creditors decreased by 61%, suggesting better debt management. 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 equity drop and increased borrowings raise questions. There was no auditor mentioned, likely due to the company’s small size and exemption from audit.

Overall, Limeforge Ltd appears to be navigating a challenging financial climate, despite its strong Google rating and innovative product offerings. The company’s success hinges on its ability to leverage its data solutions and maintain its reputation for quality and innovation.

Registered in Northern Ireland under the registration number NI617925, with a registered address at BT23 4YH, Newtownards, Sketrick House, Jubilee Road.

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