Logic Supplies Limited

Logic Supplies Limited, based in Leeds, UK, is a small, active company founded eight years ago in 2016. With a single employee and £26,887 in assets, it’s a solo-founder operation led by one director and owner. The company operates from a virtual address shared by seventy-nine other businesses, which is a little odd. It’s an irregular importer of electrical machinery and equipment, with just one month of import activity recorded as of February 2025, but a regular exporter, boasting thirty-four months of export activity ending in November 2024. Its website is currently unavailable, making it difficult to assess its online presence and specific offerings.

The company operates within the "other information technology service activities" industries, a broad category suggesting a diverse range of services. It’s a small company as it met two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. While the business isn's doing anything particularly unique, it's still managing to export regularly.

Financially, Logic Supplies Limited has experienced a significant downturn. Cash bank on hand has plummeted by a staggering 97%, dropping from £630,000 to just £19,000. Creditors have also decreased sharply, falling by 98% to £17,000. Current assets have suffered a similar decline, decreasing by 97% to £27,000. On the plus side, equity has increased by 51%, reaching £10,000, though this may not be enough to offset the other losses. Trade debtors have also fallen by 97%, suggesting improved collection rates, but other taxation social security payable has risen to £5,600. The company is exempt from audit, so the financial statements are unaudited.

The sharp decline in cash and assets raises concerns about the company’s financial health. While the increase in equity is positive, it’s unlikely to be sufficient to sustain the business without further investment or a significant turnaround in revenue. The company's solo founder is likely working long hours to keep the business afloat, but the current trajectory suggests a challenging road ahead.

Registered in England/Wales under the registration number 10498283, with a registered address at LS1 2HL, England, Leeds, C/O Azets, 12 King Street.

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