London Grow Ltd

London Grow Ltd, based in Basildon, UK, is a small, active company founded eleven years ago. With four employees and £681,121 in assets, it operates from a virtual address – registered at a location shared by twenty-one other companies – and is led by one director and owner. The company runs an e-commerce site and regularly imports machinery, boilers, and mechanical appliances, parts, with the most recent import activity recorded eleven months ago.

The company’s website, London Grow, is a comprehensive online store specializing in urban farming, hydroponics, and controlled environment agriculture. It offers a wide range of products, including complete grow kits, LED and HPS grow lights, plant nutrients, hydroponic systems, and grow media. The site also features a blog with helpful tips and advice for growers, and a section dedicated to food production consultancy. The website also has a section for high-end piano restoration.

Financially, London Grow Ltd’s recent report shows some interesting trends. Accumulated depreciation on computer equipment increased by 12%, while furniture fittings saw a more substantial rise of 53%. Motor vehicles depreciation also increased significantly by 85%, and total depreciation increased by 49%. Bank borrowings increased by a staggering 60,000%, reaching £60,000, while cash bank on hand decreased by 75%, dropping to £38,000. Creditors also decreased by 11%, suggesting better debt management. The company’s small size—meeting two of three criteria for being a small company—helps it stay agile. The number of employees increased by 75%, from four to seven, which is a good sign. The company’s net assets decreased by 4.3%, and the company’s net current assets decreased by 4.1%. The company's tax policy is to recognise current and deferred tax.

The lack of an auditor mentioned suggests the company is exempt from an audit as a small company. Overall, London Grow Ltd appears to be navigating a period of change, with increased expenses and a shift in its financial position. It’s clear the company is focused on growing its online presence and expanding its product offerings, but it will need to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 08799829, with a registered address at SS15 6PX, England, Basildon, 1 Wrexham Road.

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