Loico Ltd

Loico Ltd is a small, active company based in Leeds, UK, founded five years ago in May 2019. With just £84,181 in assets and a single employee, it’s a solo founder operation managed by one director and owner, Murray Stuart James. The company operates from a virtual address, registered at a location shared by 106 other businesses, which is a little strange. Loico Ltd primarily imports leather goods, travel bags, and animal harnesses, though its import activity has been irregular, with the last recorded operation occurring two months ago in February 2021. The company’s core business involves retail sale via mail order houses or via internet.

The company’s website, while not providing detailed information, suggests a focus on online retail. It’s unclear whether Loico Ltd has a dedicated e-commerce platform or utilizes third-party marketplaces, but the business appears to be actively engaged in selling products online.

Financially, Loico Ltd shows a mixed picture. Current assets have decreased by nearly half, dropping to £84,000, while net assets have also declined slightly to £82,000. Bank borrowings have dramatically reduced, falling by 96%, to just £410, which is a good sign. However, cash reserves have also taken a hit, decreasing by 74% to £37,000. Trade debtors have increased significantly, rising by 500%, to £41,000, which could indicate delayed payments or an expansion of credit terms. Creditors have also fallen sharply, decreasing by 91%, to £5,200, suggesting improved debt management. 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 stay agile, but the drop in cash reserves is something to watch. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

Overall, Loico Ltd seems to be navigating a period of change. While it’s managed to reduce its borrowing, the decrease in cash reserves and increase in debtors suggest it’s facing some financial pressure. Whether it can sustain its growth and profitability remains to be seen.

Registered in England/Wales under the registration number 11994296, with a registered address at LS18 4DH, England, Leeds, Dale House 64 Fink Hill, Horsforth.

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