Lri Solutions Ltd

Lri Solutions Ltd, based in Rye, UK, is a small, active company founded thirteen years ago in 2011. Employing fifteen people, it holds £1,359,088 in assets and operates from a real address. With one director and one owner, the company runs an e-commerce site and enjoys a stellar 5.0 Google rating from seventeen reviews. It’s a regular importer of leather goods, travel bags, and animal harnesses, with twenty months of import activity recorded, and a regular exporter of vehicles, parts, and accessories (excluding trains and trams), with a substantial 183 months of export activity.

The company’s website, Lucari Solutions, focuses on interior and exterior parts for Land Rover Defenders. The site emphasizes a wide selection, competitive pricing, and expert advice—a clear strategy to appeal to Defender enthusiasts. It even offers a fitting center and vehicle sales, expanding beyond just parts retail. The website’s tone is friendly and knowledgeable, with a focus on customer service and a passion for the Defender brand.

Financially, Lri Solutions Ltd presents a mixed picture. Current assets increased by 7% to £1,400,000, while net assets grew by 7.1% to £950,000. However, cash reserves plummeted 86% to just £35,000—a significant drop. Bank borrowings surged 200% to £100,000, and trade debtors ballooned by 100% to £880,000, indicating potential issues with customer payments. Creditors also increased by 32% to £320,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in cash raises concerns. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Lri Solutions Ltd seems to be experiencing growing pains. While its e-commerce business and Defender focus appear strong, the financial data suggests it’s burning through cash, and needs to manage its debtors more effectively. It’s a company to watch, but its long-term success will depend on its ability to turn these financial challenges around.

Registered in England/Wales under the registration number 07815544, with a registered address at TN31 7TE, England, Rye, East Sussex, Unit X Rye Wharf, Rye Harbour Road.

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