Lingumi Ltd.

Lingumi Ltd from London UK is a small, active company founded nine years ago in 2015. It employs 16 people and holds £2,305,743 in assets. The company operates from a virtual address – 1013 other companies are registered at the same location – and is overseen by four directors, though no owners are officially listed. Lingumi is an irregular importer, with its top category being toys, games, and sports equipment, though it only imported for one month back in 2017. It’s involved in developing ready-made interactive leisure and entertainment software and pre-primary education.

The company’s website is minimal, offering little insight into its operations beyond its core business. It seems to focus primarily on B2B activities, rather than direct-to-consumer sales, with a focus on educational software and interactive learning tools.

Financially, Lingumi Ltd shows a mixed picture. Current assets have decreased by 18% to £2,300,000, while net assets have fallen by 4.1% to -£4,600,000. Bank borrowings have decreased by 27% to £190,000, and cash reserves have plummeted 64% to £330,000. Creditors have decreased by 17%, which is good, but the large negative equity is a concern. The company meets the criteria for being a small company – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – and its unaudited financial statements do not mention an auditor. Trade debtors have increased by 3.8%, which could indicate growth, but also potential issues with collecting payments. The large negative equity suggests the company has been burning through cash, or perhaps has significant long-term liabilities.

Despite the challenges, Lingumi’s focus on interactive education software and its small size allow it to adapt quickly. It’s a tight operation, but the financial figures suggest it needs to find a way to improve its profitability to ensure long-term sustainability.

Registered in England/Wales under the registration number 09864212, with a registered address at WC2A 2JR, United Kingdom, London, 7 Bell Yard.

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