Lombardi & Smith Limited

Lombardi & Smith Limited, based in London, UK, is a small, active company founded seven years ago. It’s a solo founder operation with one employee and £75,531 in assets, operating from a real address. The company is led by one director and owner, Russell Stanley Milsom Smith. It’s an irregular importer, specializing in special woven and decorative fabrics, with just one month of imports recorded as of April 2023.

The company's website, Basix Skin Defence, focuses on skincare products, particularly for dry and irritated skin. It operates in the retail sale via mail order houses or via internet industries, offering a range of creams, oils, and foot treatments designed to heal, repair, and restore skin. The site highlights natural ingredients and targets conditions like eczema, psoriasis, and stretch marks. It’s clear the company is heavily invested in online sales and marketing, with detailed product descriptions, testimonials, and a blog.

Financially, Lombardi & Smith Limited’s recent report reveals a mixed picture. Cash bank on hand dropped significantly by 48%, falling to £6,300, while current assets increased by 26%, reaching £76,000. Trade debtors have increased dramatically, by 110%, to £13,000, which could indicate a reliance on customer payments. Bank borrowings decreased by 45%, to £2,400, and creditors also fell by 45%, to £2,400. The company’s equity has improved, decreasing by 49%, to -£2,400. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit.

Overall, Lombardi & Smith Limited appears to be navigating a period of change. While asset growth and creditor management are positive signs, the decrease in cash reserves and increase in trade debtors warrant close monitoring. The company’s focus on a niche skincare market and online sales suggests a potential for growth, but financial stability will be key to long-term success.

Registered in England/Wales under the registration number 11095211, with a registered address at EC1V 2NX, England, London, Suite 4236 124 City Road.

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