Liteworx Av Ltd

Liteworx AV Ltd, based in Newquay, UK, is a small, active company founded 11 years ago. With just one employee and £397,634 in assets, it’s a lean operation managed by a single director and owner, Charman David Paul. The company operates in the specialised construction activities industry and has been an irregular importer, with just two months of imports recorded, the last being in 2017.

The company’s website is unavailable, so it’s difficult to determine if they operate an e-commerce site or provide services directly. However, the company’s profile suggests a focus on audio-visual equipment, potentially offering installation and maintenance services.

Financially, Liteworx AV Ltd appears to be in a stable, albeit modest, position. Cash bank holdings increased by 16% to £340,000, and current assets rose 17% to £400,000. However, there's a noticeable increase in trade debtors, up 22% to £59,000, which could indicate slower customer payments. Bank borrowings remain low, and creditors have also increased by 47% to £92,000. The company's net assets grew by a modest 3.5% to £330,000. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the increase in debtors warrants monitoring. As a small company, it's exempt from an audit, so the figures are unaudited.

The increase in creditors could be a sign that the company is investing in growth, or it could be a sign of cash flow pressures. The increase in debtors could be a sign that the company is struggling to collect payments from its customers. Overall, Liteworx AV Ltd seems to be holding its own, but it will need to manage its cash flow carefully to ensure its long-term success.

Registered in England/Wales under the registration number 08709660, with a registered address at TR7 2SH, England, Newquay, Cornwall, 1 Carter Close, Towan Blystra Road.

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