Lonbet Ltd

Lonbet Ltd is a small, active company registered in London, UK, founded six years ago in January 2019. It operates with a single employee and holds £778,773 in assets. Despite having two directors and two owners, the company's registered address is a virtual one, shared by 8933 other companies. Lonbet Ltd specializes in retail sales via mail order and internet, offering a range of household goods, primarily laundry baskets.

The company’s website showcases a collection of bamboo laundry baskets, available in blue, beige, and grey, and sold through major online marketplaces like Amazon. It’s clear Lonbet Ltd is focused on e-commerce, offering a selection of storage solutions with an emphasis on laundry baskets. The site highlights the company’s dedication to providing quality storage options and even includes a welcome message, inviting customers to contact them.

Financially, Lonbet Ltd’s recent performance presents a mixed picture. While bank borrowings decreased by 25%, cash reserves fell by 27% to £610,000. Debtor amounts increased significantly, rising 110% to £170,000, which could indicate expanding sales but also potential challenges in collecting payments. Creditors also decreased by 25%, suggesting improved debt management. The company’s size—meeting two of three criteria for a small company—helps it remain flexible, but the decrease in net assets by 6.5% to £490,000 is something to watch. There's no mention of an auditor, likely due to its small size and exemption from an audit. It’s worth noting that the number of employees increased from one to two, which could be a sign of growth, or it could be a temporary fluctuation.

Registered in England/Wales under the registration number 11796400, with a registered address at WC2A 2JR, England, London, 7 Bell Yard.

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