Lte International Ltd

LTE International Ltd, based in New Barnet, UK, is a small, active company founded four years ago. With two employees and £46,095 in assets, it's a solo-founded operation led by a single director and owner, Gabor Balazs. The company operates in the retail sale via mail order houses or via internet industries, specializing in scientific and medical equipment.

LTE Scientific, as it’s known, is a leading European manufacturer and supplier of laboratory and medical equipment, sold to sectors like healthcare, education, and pharmaceuticals. They manufacture and service autoclaves, steam sterilizers, endoscope drying solutions, and thermal equipment, including ovens and incubators. Their website showcases a wide range of products, from scientific equipment to medical devices, and highlights services like calibration, validation, and repairs. They even offer a more sustainable drying solution with their EcoDrying cabinet.

Financially, LTE International Ltd presents a mixed picture. While the company’s small size (meeting two of three criteria for a small company) allows for agility, recent financial data reveals some concerning trends. Cash bank on hand has fallen significantly by 58%, dropping to £16,000, and current assets have decreased by 56% to £46,000. Bank borrowings have been reduced by 51% to £48,000, which is a positive, but net assets and liabilities have both increased, indicating a potential strain. Trade creditors have also decreased by 51%, which could be a sign of improved debt management. It’s worth noting that the company's equity has decreased slightly, and the company is currently reporting a loss. The company is exempt from an audit, so the numbers are unaudited.

Overall, LTE International Ltd seems to be navigating a challenging financial landscape. While their established presence in the scientific and medical equipment market provides a solid foundation, the recent decline in assets and cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 12787436, with a registered address at EN5 1HR, England, New Barnet, 62 Endeavour House, 1 Lyonsdown Road.

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