Loxley Benedict Limited

Loxley Benedict Limited is a small, active family business based in Halifax, UK, founded five years ago in 2019. With three employees and £752,622 in assets, it operates from a real address and is managed by two directors and owners. The company runs an e-commerce site specializing in the retail sale of electrical household appliances, and is a regular importer of electrical machinery and equipment, with 10 months of import activity recorded, the last in May 2024.

The website, Loxley Benedict Appliances, showcases a wide range of products, including tumble dryers, washing machines, fridges, freezers, spin dryers, and vacuum cleaner spares. It emphasizes a commitment to quality, competitive pricing, and UK-based service, with a focus on family ownership and British craftsmanship. The site even offers a clearance sale section and a newsletter signup, aiming to engage customers and drive sales.

Financially, Loxley Benedict Limited presents a mixed picture. Current assets have decreased by 30%, falling to £750,000, while net assets have increased by 8.6%, reaching £380,000. Bank borrowings have surged by a significant amount, jumping to £54,000, and cash reserves have dropped by 66%, leaving just £89,000. Creditors have also decreased by 63%, suggesting improved debt management. The company’s small size (meeting two of three conditions for being a small company) helps it remain flexible, but the drop in cash reserves and increase in bank borrowings could indicate a need for careful financial planning. With no auditor mentioned, the figures are unaudited.

Overall, Loxley Benedict Limited seems to be navigating a period of change, balancing growth with financial stability. The company’s focus on quality appliances and customer service, combined with its family-run ethos, could help it weather any challenges and continue to serve its customers.

Registered in England/Wales under the registration number 12150058, with a registered address at HX3 6SN, England, Halifax, West Yorkshire, Office 30 Holmfield Mills, Holdsworth Road.

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