Locks On Line Limited

Locks On Line Ltd, based in Milford Haven, UK, is a small, active company founded 25 years ago. With five employees and £835,984 in assets, it’s a modest operation led by two directors and a single owner. The company regularly exports miscellaneous metal items, with 11 months of export activity recorded, the last in July 2022. It operates in the retail sale via mail order houses or via internet industries.

The company’s website is non-existent, so it’s impossible to determine the scale of its online presence or specific product offerings beyond the broad category of miscellaneous metal items. It’s likely that the business relies heavily on traditional sales channels or B2B relationships, rather than a direct-to-consumer e-commerce model.

Financially, Locks On Line Ltd presents a mixed picture. Current assets have decreased by 4.6% to £840,000, while net assets have fallen by 17% to £380,000. Cash bank on hand has also dropped by 19% to £210,000. Creditors have increased by 7.1% to £480,000, suggesting a reliance on credit from suppliers. Interestingly, the company's tax credit on profit or loss has plummeted by 120%, from £21,000 to -£5,300—a significant change that warrants further investigation. The company meets two of three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size and exemption from an audit.

In conclusion, Locks On Line Ltd appears to be navigating a period of financial pressure, with declining assets and a substantial drop in tax credit. While its long-standing export activity and small size offer some resilience, the company will need to address these challenges to ensure its continued success.

Registered in England/Wales under the registration number 03897161, with a registered address at SA73 3JP, Wales, Milford Haven, Hamilton House, Hamilton Terrace.

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