Lonap Limited

Lonap Limited is a small, active company based in London, UK, established 27 years ago in 1998. With nine employees and £1,507,414 in assets, it operates from a virtual address shared by many other businesses, a fact that raises some questions. The company has five directors, but surprisingly, no owners are listed, which is unusual. It has a Google rating of 2.0 based on just one review. Lonap is an irregular importer, primarily dealing in electrical machinery and equipment, with its last import activity recorded one month ago.

The company’s website reveals it operates as a Layer 2 Internet Exchange Point (IXP) in London. It facilitates connectivity between service providers and network operators, offering lower connection costs and access to multiple ports. Lonap’s core business is providing a platform for peering, reducing reliance on upstream providers and enabling members – including global brands and FTSE100 companies – to network and grow their portfolios. The IXP boasts a switching infrastructure providing up to 100 Gbps connections and operates two Route Servers to simplify peering. It's a not-for-profit organization aiming to minimize interconnection costs.

Financially, Lonap Limited shows a mixed picture. While cash reserves increased by 22% to £1.1 million, creditors rose by 55% to £650,000, indicating a potential increase in short-term liabilities. Trade debtors also increased significantly, by 54%, to £430,000, which could signal challenges in collecting payments. Despite these concerns, net assets remained stable at £1.2 million, and net current assets increased by 15% to £860,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debt warrants closer monitoring. The financial statements are unaudited, and no auditor is mentioned, which is typical for small companies.

Registered in England/Wales under the registration number 03537698, with a registered address at EC4R 9AN, United Kingdom, London, 2nd Floor Regis House, 45 King William Street.

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