Ljsp Ltd

Ljsp Ltd from London UK: a small, active company founded eight years ago, employs four people, and holds £332,127 in assets. It operates from a virtual address, managed by four directors and a single owner who is also the solo founder. The company irregularly imports paper and paperboard products, with just one month of import activity recorded as of January 2023.

Its website, JSP Abovetheneck, focuses on selling personal protective equipment (PPE) to businesses. The site uses cookies to ensure the best experience, offering a wide range of products from safety helmets to height safety equipment. It caters to various industries, including forestry, landscaping, and worksite solutions, and even offers custom branding on PPE. The website also has a section for pianos, which seems to be a different business entirely.

Financially, the company shows some concerning trends. Current assets decreased by 25%, dropping to £330,000, while net assets fell by 18%, reaching -£670,000. Cash reserves, however, increased significantly by 100%, reaching £78,000. Trade debtors plummeted by 94%, suggesting a dramatic decrease in outstanding customer payments, and creditors decreased by 67%, which is a positive sign. 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 significant equity decline warrants further scrutiny. With no auditor mentioned, the financial statements are unaudited.

The increased cash reserves are a positive, but the overall picture suggests the company is burning through money. The diverse range of products and services—from PPE to piano restoration—indicates a company trying to diversify its revenue streams, but it’s unclear if these ventures are mutually supportive or if they’re adding complexity without significant returns.

Registered in England/Wales under the registration number 10342133, with a registered address at W1W 7LT, England, London, 85 Great Portland Street, First Floor.

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