Lomare Technologies Limited

Lomare Technologies Ltd from London UK is a small holding company with an active status, founded eight years ago. The company employs eight people and holds £936,227 in assets. It has four directors and one owner. The company is an irregular importer of electrical machinery and equipment, with just one month of imports recorded in December 2023.

The company operates in the other research and experimental development on natural sciences and engineering industries. Its website is currently under reconstruction, displaying a message stating, "Please bear with us, we will be back online soon! Contact us email protected LOGIN!" This suggests a temporary pause in online operations, perhaps due to the website overhaul.

Financially, Lomare Technologies Ltd presents a mixed picture. While net assets have increased significantly, jumping 770% to £1.1 million, cash reserves have also surged 210% to £680,000. Creditors, however, have skyrocketed 1000% to £790,000, which could indicate increased borrowing or extended payment terms. The company’s average number of employees has risen by 38% to eleven, which is a good sign, but it also means higher payroll costs. Trade debtors have also increased by 72%, which could be a cause for concern if payments are not received promptly. The company meets two of the three conditions to be considered small, namely turnover less than £10.2 million and balance sheet total less than £5.1 million. The lack of an auditor mentioned likely means the company is exempt as a small entity.

Overall, Lomare Technologies Ltd seems to be experiencing growth, but the significant increase in creditors warrants monitoring. The company's current focus appears to be on internal restructuring and website improvements, rather than aggressive expansion.

Registered in England/Wales under the registration number 10723076, with a registered address at EC3R 7LP, England, London, New London House, 6 London Street.

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