Et Lorem Ltd

Lorem Et Ltd from Reading UK: small company, active status, founded 4 years ago, 9 employees, £590,932 assets, real address, 2 directors, 3 owners. Irregular importer of furniture, lighting, and prefabricated buildings (2 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £590,932.

Lorem Et Ltd operates as a bespoke kitchen design firm, as evidenced by its website, "Et Lorem Bespoke Kitchen Spaces without Limits." The site caters to homeowners, interior designers, and developers, offering custom kitchen designs and installations. It highlights a focus on high-quality materials and personalized service, with sections dedicated to different kitchen styles and project types. The website suggests a focus on premium, tailored solutions, rather than mass-market products. It's not clear if the company is involved in e-commerce, but the site’s design and content indicate a service-based business, likely involving consultations, design proposals, and project management.

Financially, the company’s recent performance presents a mixed picture. While net assets increased by 33% to £320,000, cash reserves dropped significantly by 54% to £130,000. Trade debtors have also risen substantially by 24%, reaching £430,000, which could indicate a reliance on customer payments. Despite this, creditors decreased by 20%, suggesting improved debt management. The company’s property, plant, and equipment also saw a decrease, dropping 5% to £190,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the drop in cash reserves and increase in trade debtors are worth noting. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Registered in England/Wales under the registration number 12730122, with a registered address at RG1 7LA, England, Reading, Saxon House Oxford Road, 44-52.

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