Lookrite Limited

Lookrite Limited is a small, active company based in Farnham, UK, founded six years ago in 2019. With £50,231 in assets and a real registered address, it’s a solo-founded operation run by two directors and a single owner. The business operates an e-commerce site, and it’s involved in a diverse range of activities, including electrical installation, retail sales online, sound recording, and even support for performing arts.

The company’s website, while not detailed, suggests a focus on niche services. It’s not immediately clear what specific products or services Lookrite Limited offers, but the broad range of activities indicates a versatile business model. The company’s branding, while not extensive, points to a focus on quality and craftsmanship.

Financially, Lookrite Limited presents a mixed picture. Current assets increased by 14% to £50,000, while net assets grew by 75% to £46,000. However, cash bank on hand decreased by 45% to £24,000. Trade debtors increased significantly, by an impressive 2100%, reaching £26,000, which could indicate a shift towards offering credit to customers. Liabilities also increased, with accrued liabilities deferred income remaining constant at £1,300. 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 stay nimble, but the increase in debtors warrants further investigation. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Lookrite Limited appears to be a small business navigating the challenges of growth. While the increase in debtors is a potential concern, the growth in net assets suggests that the company is, for now, on a positive trajectory.

Registered in England/Wales under the registration number 11859707, with a registered address at GU9 9AS, United Kingdom, Farnham, Surrey, 7 The Warren.

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