Lts International Limited

Lts International Limited is a small, active company based in Penicuik, UK, founded 38 years ago in 1986. It holds £3,250,333 in assets and generates £146,622 in yearly revenue, employing no staff. The company has four directors but no reported owners, which is common for smaller entities. It operates from a real address shared by only one other company, suggesting a legitimate presence. The company imports electrical machinery and equipment, with recent activity recorded two months ago.

The company's website reveals a fascinating dual identity. While officially a consultancy firm, LTS International also runs a thriving business restoring and selling high-end pianos. The piano division, operating under the name 1066 Pianos, has a long history, dating back to 1975, and even boasts a showroom in Harrods. The website emphasizes ethical and sustainable manufacturing practices, with certifications like BSCI and SEDEX. The company’s production capacity varies, but it can produce approximately 50,000 pieces per month, with a 90-day lead time for first orders.

Financially, Lts International Limited shows concerning trends. Current assets have fallen by 22% to £3,200,000, and net assets have decreased by 20% to £3,200,000. Turnover has plummeted 85% to £150,000, and gross profit has fallen to just £1,900. Cash reserves have declined by 89% to £110,000, and operating profit has dropped to £1,400. Creditors have increased by 24%, suggesting a reliance on borrowing. The lack of an auditor mentioned is not unusual for a small company.

The company's dual focus—consultancy and piano restoration—presents both opportunities and challenges. While the piano division enjoys a reputation for quality and prestige, the consultancy side appears to be struggling financially. Whether the two businesses can support each other remains to be seen, but the current trends suggest a need for careful management and perhaps a reevaluation of the company's strategic direction.

Registered in Scotland under the registration number SC100833, with a registered address at EH26 0PH, Penicuik, Nr Edinburgh, Pentlands Science Park, Bush Loan.

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