Lofi Design Ltd

Lofi Design Ltd is a small, active company based in Bristol, UK, founded three years ago in 2021. It’s a solo founder operation with one director and one employee, holding £65,061 in assets. The company operates an e-commerce site and is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances—with just one month of import activity recorded as of January 2023.

The company’s website, LoFi Store, showcases a curated selection of clothing, footwear, and hardware, alongside a range of publications and accessories. It features brands like Carhartt WIP and DIME, emphasizing a streetwear-inspired aesthetic. The site offers free shipping in Australia on orders over 150 AUD, and operates from two locations: Perth and Melbourne. It’s clear that LoFi Design Ltd is aiming for a premium retail experience, with a focus on quality brands and a strong online presence.

Financially, LoFi Design Ltd shows a mixed bag. Current assets increased by 34% to £65,000, while net assets improved significantly, jumping 130% to £8,900. Cash reserves also saw a healthy increase, rising 91% to £27,000. However, amounts owed to directors increased by 26% to £15,000, and creditors decreased by -26% to £62,000. The company meets the criteria for a small business—with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—and benefits from the flexibility that comes with its size. With no auditor mentioned, the figures are unaudited.

Overall, Lofi Design Ltd appears to be on a positive trajectory, with growing assets and cash reserves. The increase in amounts owed to directors suggests potential investment or expansion plans. However, the company's irregular import activity and reliance on a single employee could present challenges in the long run.

Registered in England/Wales under the registration number 13739452, with a registered address at BS2 0QR, United Kingdom, Bristol, Unit B Meridian Studios, Queen Victoria St.

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