Lofti Proptech Ltd

Lofti Proptech Ltd, based in London, UK, is a small, active company founded five years ago. With nine employees and £481,001 in assets, it’s a modest operation led by a single director and owner. Google users rate it a perfect 5.0 based on 21 reviews, suggesting a positive customer experience. The company irregularly imports electrical machinery and equipment, with its last import activity recorded one month ago in December 2020.

Lofti Proptech operates as a property management software provider, catering to both agents and landlords. Its website showcases a suite of tools designed to streamline workflows, from tenant onboarding and communication to compliance and business analytics. The platform integrates with various third-party solutions like Signable, Reposit, QuickBooks, Zoopla, and Rightmove, offering a centralized dashboard for property management tasks. The site also provides resources like calculators for rental yield, stamp duty, and alternative property investments. It even offers a free trial with up to five units.

However, a closer look at Lofti Proptech’s financials reveals a concerning trend. While current assets increased by 36% to £480,000, net assets plummeted 85% to -£480,000. Bank borrowings surged dramatically, reaching £420,000, and cash reserves dropped significantly to £2,700. Trade debtors increased substantially, suggesting potential payment issues with customers. 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 substantial equity decline raises questions about its long-term financial health. The lack of an auditor mentioned suggests the figures are unaudited, relying on director-reported data. It's clear that while the software platform appears well-received, Lofti Proptech is facing financial pressures, and it's uncertain if the company can sustain its growth trajectory.

Registered in England/Wales under the registration number 12418350, with a registered address at WC1X 8LU, England, London, Gi.2.07 60 Gray's Inn Road.

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