Lloyd Looms Furniture Company Ltd

Lloyd Looms Furniture Company Ltd, based in Cheltenham, UK, is a small, active company founded six years ago in 2019. With three employees and £52,590 in assets, it’s a modest operation run by two directors and owners, Bell Roger and Knight Michael Charles. The company has a real address, and is a regular importer and exporter of furniture, lighting, and prefabricated buildings, with seven months of import activity and three months of export activity recorded.

The company operates in the retail of furniture, lighting, and similar items, and its website, while not provided, likely reflects this focus. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

Financially, Lloyd Looms Furniture Company Ltd shows a mixed picture. Current assets have decreased by 20%, falling to £53,000, while net assets have also declined by 23%, landing at £36,000. Cash bank on hand has taken a significant hit, dropping 71% to £2,700. However, creditors have increased by 6%, and prepayments have jumped considerably, suggesting a possible shift in payment terms or upfront costs. The company's bank borrowings have also increased, reaching £2,900. The company’s net loss has remained constant at £3,300.

The rise in debtors, increasing by a substantial 910%, could indicate a delay in customer payments or a strategy to offer more credit. The increase in other creditors, up 130%, suggests potential increases in supplier costs. With no auditor mentioned (likely exempt as a small company), the financial data relies on unaudited statements.

Overall, Lloyd Looms Furniture Company Ltd appears to be navigating a period of financial pressure. The decrease in cash reserves and the increase in debt raise concerns, but the rise in debtors could be a temporary blip.

Registered in England/Wales under the registration number 11883895, with a registered address at GL51 4UA, England, Cheltenham, Gloucestershire, Northfield House, Shurdington Road.

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