Lorin London Ltd

Lorin London Ltd is a small, active company based in London, UK, founded six years ago in May 2018. The company, with seventeen employees and £40,566 in assets, operates from a real address and is led by a single director and owner, who is also the solo founder. It's a regular importer, primarily of furniture, lighting, and prefabricated buildings, with five months of import activity recorded, the latest in July 2024. The company operates in the licensed restaurants industries.

The company’s website is non-existent, so it’s difficult to determine the exact nature of its operations. However, the company’s description suggests it is a restaurant, possibly with a focus on imported goods.

Financially, Lorin London Ltd presents a mixed picture. Current assets have plummeted by a staggering 79%, falling to £41,000—a significant drop. Bank cash reserves have also decreased substantially, falling 48% to just £9,000. Creditors have also decreased, which is good, but the company’s equity has plummeted 2400%, falling to -£160,000. This suggests a substantial loss and potential cash flow problems. It’s worth noting that the company is small, meeting two of three criteria for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

The sharp decline in equity and cash reserves is concerning, suggesting the company may be burning through money. The decrease in debtors is a positive sign, but the overall financial health appears fragile. It’s possible that the company is facing challenges in its restaurant operations or experiencing difficulties with its imports.

Registered in England/Wales under the registration number 11388702, with a registered address at N13 6BG, England, London, Certax, 8 Clock House Parade, North Circular Road.

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