Lonestar(design) Ltd

Lonestar Design Ltd from Chester UK: a small, active company founded six years ago, employs one person, and holds £272,663 in assets. Operating from a virtual address shared by numerous other businesses, it’s led by two directors and a single owner, who also serves as the solo founder. The company regularly imports furniture, lighting, and prefabricated buildings – a total of seven months of import activity were recorded, with the latest being July 2023.

Lonestar’s website paints a picture of a precision engineering firm, specializing in components, sealing technologies, and coating plating. It supplies the oil, gas, power generation, nuclear, and defence industries, emphasizing high quality and traceable materials. The company’s services include manufacturing, sealing technologies, and surface coating, with a focus on customer specifications and international standards. The website also lists a Leeds-based address and contact details, including a phone number and email address.

Financially, Lonestar Design Ltd’s recent performance presents a mixed bag. While current assets remain relatively stable at £270,000, equity has plummeted by a staggering 1500%, resulting in negative net assets of -£15,000. Bank borrowings have increased by 12%, reaching £79,000, and net current assets have decreased by 31%, falling to £32,000. Creditors have risen by 6%, suggesting increased reliance on trade credit. The company’s small size—meeting two of three criteria for being a small company—allows for agility, but the significant equity decline warrants closer scrutiny. The company is exempt from an audit, so the figures are unaudited.

It seems Lonestar Design Ltd is navigating a period of financial pressure, despite its established presence in the precision engineering sector. Whether the company can maintain its operations and secure its future remains to be seen.

Registered in England/Wales under the registration number 11323461, with a registered address at CH3 5AR, United Kingdom, Chester, Cheshire, Cholmondeley House, Dee Hills Park.

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