Lomo Industries Ltd.

Lomo Watersport UK, based in Glasgow, is a small, active company established 25 years ago. With 12 employees and £1,061,602 in assets, it operates from a real address and is managed by five directors and two owners. The company runs an e-commerce site specializing in wetsuits, dry bags, and a wide range of watersports and outdoor gear. It regularly imports clothing and accessories made by knitting or crocheting, with 78 months of import activity recorded, and occasionally exports toys, games, and sports equipment, with just two months of export activity.

The website showcases an extensive product catalog, catering to diverse watersports activities like swimming, diving, kayaking, and sailing. It emphasizes quality, value, and direct sales, cutting out the middleman to offer competitive pricing. The site also features a blog with helpful guides and information, reinforcing its expertise in watersports equipment.

Financially, Lomo Watersport UK presents a mixed picture. Creditors decreased by a significant 65%, which is a positive sign of improved debt management. However, bank borrowings decreased by 63%, which may indicate a reliance on trade credit. Cash reserves increased by a substantial 180%, which is a good sign of financial stability. Debtor levels have increased by a large 230%, which could be a sign of growth but also a risk of non-payment. Equity increased by 12%, which is a positive indicator of overall financial health. 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. With no auditor mentioned (likely exempt as a small company), the financial statements are unaudited.

Overall, Lomo Watersport UK appears to be navigating a period of change. While the company’s financial health is generally stable, the increase in debtors and the reliance on trade credit are areas to watch. The strong e-commerce presence and wide product range position it well for continued success in the competitive watersports market.

Registered in Scotland under the registration number SC203510, with a registered address at G3 8BW, Glasgow, 96 Hydepark Street.

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