Lovelight Events Ltd

Lovelight Events Ltd, based in Bishops Stortford, UK, is a small, active company founded ten years ago. With five employees and £457,048 in assets, it operates from a virtual address – a detail flagged by ten other companies registered at the same location. The company, managed by two directors and two owners, boasts a perfect 5.0 Google rating from eleven reviews. It’s an irregular importer, primarily dealing in toys, games, and sports equipment, with just one month of import activity recorded back in 2018.

The company’s website isn’t available, so it’s difficult to say exactly what they do, but the report indicates they operate in the "other amusement and recreation activities n.e.c." industries. This suggests event-related services, but without a website, it's hard to confirm.

Financially, Lovelight Events Ltd shows a mixed picture. Cash bank on hand increased by a healthy 32%, rising to £160,000, and current assets grew by 39% to £460,000. However, net assets also increased by 18% to £340,000. Bank borrowings decreased significantly, dropping by 55% to £8,300, a positive sign. Creditors, however, increased substantially by 160% to £140,000, which could indicate increased spending or delayed payments. The company meets the criteria for a small business – turnover less than £10.2 million, assets less than £5.1 million, and fewer than 50 employees – and is exempt from an audit, so the figures are unaudited.

The increase in creditors alongside a decrease in bank borrowings suggests the company might be relying on credit to fund operations, which isn't always sustainable. The lack of employee growth, despite increased assets, is also worth noting. Overall, Lovelight Events Ltd appears to be holding its own, but the reliance on credit and the lack of detail about its operations warrants closer observation.

Registered in England/Wales under the registration number 09077665, with a registered address at CM23 3BT, Bishops Stortford, Hertfordshire, Rae House, Dane Street.

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