Lockdecoders Ltd

Lockdecoders Ltd, based in Ashington, UK, is a small, active company founded 14 years ago. With £125,644 in assets and a real address, it's a solo-founded operation run by a single director and owner. The business operates an e-commerce site specializing in automotive locksmith equipment, offering a range of machines, parts, and software. It regularly imports machinery, boilers, and mechanical appliances, with 183 months of import activity recorded, and exports electrical machinery and equipment, with 11 months of export activity.

The company’s website, Lockdecoders, showcases a wide selection of key cutting machines, laser engravers, cloning devices, and transponder chips. It caters to locksmiths and autolocksmiths, emphasizing competitive pricing, free software updates, and a comprehensive range of products. The site also highlights its expertise in SPVG key programming and offers technical support. It seems like a well-established online retailer in a specialized niche.

Financially, Lockdecoders Ltd shows a mixed picture. Accumulated depreciation on furniture and fittings increased by 8%, while plant machinery remained steady. Bank borrowings decreased by 20%, but overdrafts increased by a substantial 150%, suggesting potential cash flow challenges. Cash reserves dropped by 16%, and creditors increased by 65% within the last year, which could be a sign of growing expenses. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increased overdraft and growing creditors are something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Lockdecoders Ltd appears to be a well-run, specialized e-commerce business, but its financial health could be a little better. It’s clear that the company is investing in its product range and customer support, but managing cash flow will be key to its long-term success.

Registered in England/Wales under the registration number 07571903, with a registered address at NE63 8HP, England, Ashington, Northumberland, Unit 12d Armstrong Court, Armstrong Way.

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