Lr Art Ltd

Lr Art Ltd is a small, active company based in Reading, UK, founded three years ago. With just £2,500 in assets and a real address, it’s a solo founder operation led by a single director and owner, Arturas Posiunas. The company operates in the retail sale via mail order houses or via internet industries, offering a range of products.

The company's website, LR Centre, is a comprehensive online store specializing in Land Rover parts and accessories. It caters to a wide range of models, from classic Series vehicles to modern Discoveries and Range Rovers. The site boasts an extensive inventory, including axles, body parts, books, brakes, electrical components, and more. It also features a blog with product guides and news, and a customer review section. The site's layout is a little dated, but it's packed with information and products.

Financially, Lr Art Ltd presents a mixed picture. Cash bank on hand has dropped significantly, from £980 to just £17—a 98% decrease. Current assets have also declined by 28%, now standing at £2,500. Equity has taken a big hit, with retained earnings and accumulated losses increasing by 150% to -£4,600. Creditors have risen by 33%, now at £7,100. The company's small size (meeting two of three conditions for a small company) means it’s likely exempt from an audit, and the figures are unaudited.

While the website shows a busy online business, the financials suggest the company is burning through cash. It's possible this is typical for a growing e-commerce business, but the significant drop in cash reserves is something to watch. The company’s solo founder structure might also be a factor, with Arturas Posiunas juggling multiple roles.

Registered in England/Wales under the registration number 14026393, with a registered address at RG1 5RA, England, Reading, Flat 4, 71a Hamilton Road 71a Hamilton Road, Flat 4.

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